A credit union is an institution where people can invest and borrow money. It's like a bank but different. A credit union is a financial institution owned and run by its members. Credit unions provide their members with a safe place to save and borrow at pretty reasonable rates. Members put their money together to make loans to each other. Unlike a bank, credit unions are not businesses that work for profit. Instead, they are in the business for the good of their members. When you think of credit unions, just remember that credit unions are about:
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