A credit union is a cooperative financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members. me student of
and such type of sites are helpful to increase my knowledge. Many credit unions exist to further community development or sustainable international development on a local level.Worldwide, credit union systems vary significantly in terms of total system assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with several billion dollars in assets and hundreds of thousands of members.

Hi Oklana, I see your point about pulling in the reins in a tough economy. However, I’m curious when you say “the truth is that no deals mean nobody gets anymoney.” By deals, do you mean bailout money? Or loans? Credit Union 1 – along with every other credit union in the nation – has accepted $0 of government bailout dough. Yet this year, CU1 has lent over $150 million dollars to our Alaskan communities. That’s almost more loans than we’ve ever made in one year (and the year's not over) - and that’s also a huge number of families whose lives we’ve changed during this economic crisis.

Without government deals, we’ve remained a successful, community focused, non-profit organization. Our rates have stayed extra low, we didn’t raise our fees, and we even grew our member Rewards program. These are all hallmarks of an institution who gave money instead of taking it. We’ve remained cautious, responsible lenders, but in a time when our community needed us most, we weren’t afraid to give back. Here’s to a successful 2010 for all!