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Credit unions offer many financial services which are the same as offered by banks often using a different terminology; common services include: share accounts (savings accounts) share draft accounts (checking accounts) credit cards share term certificates (certificates of deposit) and online banking. All credit union locations also can be found via Google Maps. 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. In addition to the savings and loan operations credit unions of the U.S. provide some other services in the interests of its members:
1) direct debiting of funds from their accounts as payment for goods and services;
2) The issuance of credit and debit card payment systems of VISA American Express and their own cards but with a limited range of action;
3) advice on financial and tax planning;
4) provision of guarantees for the obligations of a shareholder to third parties; act as agents for insurance contracts. U.S. credit unions can be chartered by either the federal government ("federal credit unions") or by a state. In addition to the savings and loan operations credit unions of the U.S. provide some other services in the interests of its members:
1) direct debiting of funds from their accounts as payment for goods and services;
2) The issuance of credit and debit card payment systems of VISA American Express and their own cards but with a limited range of action;
3) advice on financial and tax planning;
4) provision of guarantees for the obligations of a shareholder to third parties; act as agents for insurance contracts.