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

Answer 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 »

Top Q&A For: What Is the Difference Between Regular Credit U...

What issues do unions address?

It was formally known as the Annual Message from 1790 to 1934.It began to be informally called the State of the Union address from 1942 to 1946.Since 1947 it has generally been known as the State o... Read More »

How are credit unions insured?

Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to protect investors in case of bank failure, but credit unions are not covered by this organization. Credit unions are... Read More »

Importance of Credit Unions?

"Not for credit, not for charity, but for service" is a credit union motto. Owned by its members, a credit union provides a form of saving and borrowing money similar to traditional financial insti... Read More »

When were credit unions created?

Credit unions started in Germany in 1852. Edward A. Filene, of Filene's Basement, brought credit unions to the United States in 1909. In 1921, Filene established the Credit Union National Extension... Read More »