Diversity of Credit Unions Credit unions were first created to provide financial services to underserved communities. To this day they are owned and controlled by the people who use their
The National Credit Union Share Insurance Fund In 1970, Congress created the National Credit Union Share Insurance Fund (NCUSIF). (1) The NCUSIF “protects members’ accounts in federally insured credit unions,
Original funding of deposit insurance When funds are deposited in a bank account, they’re insured up to $250,000 by the United States Federal government, through the Federal Deposit Insurance Corporation
The Benefits of Credit Unions When looking into the benefits of a credit union, it is important to know what the purpose of a credit union is. “Credit unions are
Credit Union Founding Fathers: Dora Maxwell Born in the late 1800s, Dora Maxwell was an early credit union pioneer. Despite having to deal with intimidating bankers, she is the credit
Credit Union Founding Fathers: Karl S. Little Karl S. Little spent many years of his life progressing the credit union movement in Utah from the 1930s to the 1960s. From
Credit Union Founding Fathers: Edward Filene Born September 3, 1860 to German Jewish immigrants, Edward Filene was best known as a fair businessman and the father of the U.S. credit
Credit Union Deposit Insurance is Funded by Credit Unions, Not Taxpayers In 1970, Congress created the National Credit Union Share Insurance Fund (NCUSIF or Share Insurance Fund or, simply, the
Financial benefits of credit unions for members Credit unions have an overall mission of improving the financial well-being of their members and serving their communities. You can expect several important
