What is Credit Union?
Credit Union is a group of people who commit to work together following the cooperative principles and values for their socio-economic development activities involving savings and credit.
A Credit Union can be organized in the common bond where members reside, work, or meet. To be a member is the requirement to get access to credit union services. Membership is open to everyone regardless of religion, economic status, ethic and political affiliations.
A Credit Union encourages members to save and provides loaning service to members. Its tree fold mission: economic, social, and political-entails promotion… read more