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.
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
Contactless Credit Cards and Your Tap-To-Pay Future
Contactless credit cards let you “tap” to pay. Transactions are quick and easy! The technology is becoming more and more...Read More
What Are Closing Costs & How Do They Work?
So, you’ve found your dream home and settled on a price both you and the seller can agree upon. Great! You’re...Read More
Y-12 FCU Home Lending Special
When Y-12 Federal Credit Union was founded in 1950, the average house cost less than $10,000! Today, the home of your...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.