Mycreditunion.gov Website Review

You may be trying to access this site from a secured browser on the server. Please enable scripts and reload this page. In general, credit unions offer higher savings rates, meaning that your money grows faster, and lower rates on loans, meaning that you provide a unique and hands-on way for youth to take control of their money and financial future. Federally-chartered credit unions are regulated by the National Credit Union Administration and insured by the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the United States government. Once you select a specific credit union, you can view more details about that credit union, including contact information, branch locations, services offered, and recent financial statements. As not-for-profit depository institutions, credit unions were created to serve members as credit cooperatives. In the United States, credit unions are not-for-profit organizations that exist to serve their members rather than to maximize corporate Because credit unions are not-for-profit financial institutions, their focus is serving the financial needs of their members and not making a Anybody can join a credit union. Each credit union serves what’s called their “field of membership” – that’s the commonality NCUA makes financial information about credit unions available to the public through Financial Performance Reports (FPRs). Credit unions provide valuable access to financial services for people underserved and unserved by traditional financial institutions. If your group is eligible, NCUA's staff will as*ist you with preparing an application for a charter and see that your group receives guidance chartered by the federal government and owned by individual members. View information regarding what to expect in the event that your credit union closes, and NCUA's process for returning your funds. Watch the latest NCUA Consumer Protection Update video to learn about important updates and changes that may affect you as a consumer.