As of October 2011 the largest American credit union was Navy Federal Credit Union serving U.S. Department of Defense employees contractors and families of servicepeople with over $45 billion USD in assets and over 3.4 million members.
Get addresses maps and business hours for ATMs and credit union locations.
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.
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.
The main benefit of credit unions is the transparency accountability governance for shareholders.
- Savanna Blackhawk Area Credit Union 214 Main Street Savanna, IL 61074 (815) 273-4503 http://www.bacu.org 95042 271188968