What Is A Credit Union?

What is a credit union and how is a credit union different than a bank? Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates.

You’re more than a member, you are a part owner. Credit unions are owned and controlled by the people, or members, who use their services.

Credit unions are not-for-profit. Credit unions operate to promote the well-being of their members. Profits made by credit unions are returned back to members in the form of reduced fees, higher savings rates and lower loan rates.

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What Is A Credit Union

Credit Union Products & Services


Personal Loans

Your local credit union should be your first stop for borrowing money, especially if you don’t have perfect credit. Credit unions...Read More

Share Checking Accounts

A share checking account is a liquid account at a credit union that allows you to make frequent withdrawals and payments....Read More

Share Savings Accounts

A share savings account is an essential account at a credit union. These accounts pay interest on your savings, providing a...Read More

Credit Union Consumer Resources


Money Basics For Credit Union Members

Are you stressed about money? Don’t worry – you’re not alone and help is available! These programs will help you understand...Read More

Credit Union Financial Calculators

CULookup.com credit union financial calculators provide you with the tools to make important financial decisions and reach your financial goals. Research...Read More

NCUA Consumer Assistance Center

Are you protecting your financial information? Did you know that consumers have the right to dispute information reported on their credit...Read More

Credit Union Blog

Simplify Your Financial Life - featured

Simplify Your Financial Life

Minimalism is more than clearing out your closet—it can also mean relieving debt and unnecessary expenses. Isn’t it time to simplify...Read More

Y-12 Federal Credit Union

Membership in Y-12 Federal Credit Union is open to anyone who lives, works, worships, or attends school in the following counties in Tennessee: Anderson, Blount, Campbell, Knox, Loudon, Roane, Sevier, and Union.