Credit unions are non-profit organizations required by law to only loan money to members or to other credit unions.
What would be "profits" in banks instead turn into things like interest on checking accounts for members and no fees for service provided by human beings.
Slashdot Mirror
Credit unions are non-profit organizations
required by law to only loan money to members or to other credit unions.
What would be "profits" in banks instead turn into things like interest on checking accounts for members and no fees for service provided by human beings.