USA location Credit union Illinois Crystal Lake

Credit Union - a nonprofit financial institution that specializes in mutual financial assistance through the provision of savings and credit services to members. CUNA (Credit Union National Association) which has a place of location in Washington D.C. and Madison Wisconsin is the premier national trade association serving America's credit unions. A credit union's policies governing interest rates and other matters are set by a volunteer Board of Directors elected by and from the membership itself. CUNA (Credit Union National Association) which has a place of location in Washington D.C. and Madison Wisconsin is the premier national trade association serving America's credit unions. In the United States as of 2005 credit unions have 86 million members which is 43% of the economically active population. U.S. credit unions are not-for-profit cooperative tax-exempt organizations. U.S. credit unions can be chartered by either the federal government ("federal credit unions") or by a state.