Problems With Credit Unions?

Answer Credit unions are cooperative nonprofit financial institutions that serve a specific group of people, such as the employees of certain companies. Because they are nonprofit institutions, they typic... Read More »

Top Q&A For: Problems With Credit Unions

What Is the Difference Between Regular Credit Unions & Federally Backed Credit Unions?

Credit unions are chartered by either state governments or the federal government. When people refer to a "regular" credit union, it is generally a state-chartered institution and does not have the... Read More »

Problems With Labor Unions?

Labor unions, credited with improving working conditions around the time of the second industrial revolution, are revamping their strategy to appeal to workers in the 21st century, with a particula... Read More »

Who owns credit unions?

Credit unions are cooperatives, owned by their members. Members are essentially loaning money to each other by the deposits they put into the credit union. Credit unions are not-for-profit and can ... Read More »

Can credit unions take you to court?

If you are delinquent on an account, a credit union--or any creditor, for that matter-- does have the option to take you to court. You are more likely to be taken to court if there is no co-signer ... Read More »