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Credit Unions
Newest Review: ... much happened until the 1980s where an upsurge took place, to get to today's membership of 125,000 in over 120 Credit Unions. The worldwide membership is 118 millions, in 40,258 Credit Unions, in 79 countries. Some countries like the USA and Australia count 30% of the population as members, whilst in Ireland, this figure reaches a staggering 50%. ~Saving~ ************ In these times of easy ... more  ... credit and cheap (relatively) interest rates, where we are encouraged to borrow and 'flex that plastic' all the time, Credit Unions go against the grain a little, as they actually encourage people to save. This is made easy by setting up local colle...more |
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Credit Unions: Loan sharks, beware! (1338 words)
by weetoon - written on 21.02.06 (Very useful, 613 readings)
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I have been a member of my local Credit Union since it started, about 10 years ago. In fact, I am proud to say that I am Member number 31! Although Credit Unions all have points in common, there are also differences so I will start with a general look at Credit Unions, before looking at my own experience. ~What is it?~ ***************** A Credit Union is basically a financial cooperative, owned and controlled by its members. They offer affordable loans and encourage members to save. They are run by a volunteer board of directors democratically elected by members. Anyone can join, as long as they are part of the 'common bond'. This could be people ...
Credit Where Credit is Due (999 words)
by Scooobydooo - written on 01.03.04 (Very useful, 203 readings)
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A lot of people dont realise what credit unions are, do you ? I am in two credit unions, one was from my time in the police and the other is the local credit union were i live. i have been a member of each for about 5 years. I live in a private house, mine yeahhhh! at last...sorry but we lived in a concrete flat with noisy neighbours. I needed initally to start to save for the deposit on my house. now im not on a lot of money, i have a retirement pension which produces a small income. We wanted to buy our own house, to be honest if you saw where we lived so would you. I knew that if i put money in the bank i would dip into it so i needed it locked ...
Credit Unions: Give them the credit they deserve (516 words)
by jennifer3002 - written on 09.08.01 (Very useful, 264 readings)
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For me the Strathclyde Credit union has been a godsend. I will admit it I'm a terrible saver any money I earn goes in one hand and straight to the nearest shop. I have tried savings accounts many times but as soon as I deposit the money I am back to withdraw it a few days later after seeing a much needed purchase. One of my collegues told me about the credit union and I decided to join as she made it so tempting and easy. I work for what was then Strathclyde Council in the education department but it got split up into regions but at the time it allowed me to join the largest credit union in Glasgow. How you join: Joining is very ...
