USA location Credit union Illinois Park Forest

Credit Unions often form cooperatives among themselves to provide services to members. A Credit Union Service Organization (CUSO) is generally a for-profit subsidiary of one or more credit unions formed for this purpose 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. 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. Credit unions differ from banks and other financial institutions in that the members who have accounts in the credit union are the owners of the credit union and they elect their board of directors in a democratic one-person-one-vote system regardless of the amount of money invested in the credit union. Find the nearest credit union to you with our "credit union location" search service.