credit union loans
Cooperative lending products
Credit union loans are loans issued by credit unions—member-owned financial cooperatives rather than for-profit banks.
Because credit unions return profits to members, these loans typically carry lower interest rates and more favorable terms than comparable bank loans: We got a better rate on our car through a credit union loan.
They include auto loans, personal loans, mortgages, and lines of credit.
- borrowingTemporary taking of another's
- savingsAccumulated money kept
- membersPeople in an organization
- interestAttention, stake, or fee
- APRYearly borrowing cost
low rates · approval · collateral · cosigner · checking · dividends · branch · teller · deposit · paycheck · refinance · auto · mortgage · signature · paperwork · application · repayment · installment
credit union loansloan sharking
Illegal lending at excessive interest
payday loans · predatory lending · title loans · subprime lending
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