Welcome 
to America's Credit Union! You will find 
a complete in-depth report on every credit union in America. 
If you are looking to become a member of a credit union 
and are looking for information on the stability of the 
credit union, or how much it has out in loans, this is 
the place to start.
A credit 
union is a not-for-profit co-operative financial institution 
that is owned and controlled by its members, through 
the election of a volunteer Board of Directors elected 
from the membership itself. Only a member of a credit 
union may deposit money with the credit union, or borrow 
money from it.
Credit unions are usually the best place to get a loan 
or mortgage from. They usually offer the best interest 
rates and aren't as strick on your credit rating as 
the big banks. 
A credit union differs from a traditional financial 
institution (banks, savings and loan, etc.) in that 
the members who have accounts in the credit union are 
the credit union's owners. Since a credit union is a 
co-operative institution, its policies governing interest 
rates and other matters are set to benefit the interests 
of the membership as a whole; for example, credit unions 
often pay higher dividend (interest) rates on shares 
(deposits) and charge lower interest on loans. Credit 
union revenues (from loans and investments) do, however, 
need to exceed operating expenses and dividends (interest 
paid on deposits) in order to remain in business, and 
this excess is used to expense loan losses and build 
capital.
Credit unions offer many 
of the same financial services as banks, including share 
accounts (savings accounts), share draft (checking) 
accounts, credit cards, and share term certificates 
(certificates of deposit).
The for-profit banking industry has a conflicted relationship 
with credit unions such as America Credit Union and others. Banks are opposed 
to the tax-free structure on earnings that credit unions 
enjoy and the American Bankers Association has identified 
the revocation of credit unions' tax-free benefits as 
topping its political agenda in 2004 and 2005. However, 
bank holding companies and their affiliates aggressively 
compete to provide services to credit unions through 
their ATM networks, corporate checking accounts, and 
Certificate of Deposit programs.
The National Credit Union Administration (NCUA) is 
the federal agency that charters and supervises federal 
credit unions and insures savings in federal and most 
state-chartered credit unions across the country through 
the National Credit Union Share Insurance Fund (NCUSIF), 
a federal fund backed by the full faith and credit of 
the United States government.                        Insurance Coverage Increases To $250,000 On Retirement 
Accounts
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