Saturday, August 22, 2009

Credit union membership

Credit unions are organized around a common affiliation or common bond among their members. Most credit union members work for the same employer or for one a group of related employers. In most cases if one family belongs to a credit unions. Other family members are eligible as well. Occupation-related credit unions accounts for about four fifths of all U.S. credit unions. A bout one sixth of American credit unions are organized around a nonprofit association, such as a labor union, a church, or a fraternal or social organization. Common area of residence, such as a city or state, has also been used in recent years as a base from which to get credit unions started.

No comments: