Credit Unions

A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. Many credit unions also provide services intended to support community development or sustainable international development on a local level.Worldwide, credit union systems vary significantly in terms of total system assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with assets worth several billion US dollars and hundreds of thousands of members.
Posts about Credit Unions
  • CFPB to Examine Discriminatory Lending Practices (Whistleblower Post)

    … CFPB to Examine Discriminatory Lending Practices (Whistleblower Post) October 28, 2016 by Brian Mahany CFBP’s Investigation into Mortgage Company Discriminatory Lending Practices Presents New Whistleblower Opportunities The Consumer Financial Protection Bureau (CFPB) sent warning notices to 44 mortgage companies and lenders warning them…

    Due Diligence- 23 readers -
  • Can You Open a Bank Account While in Bankruptcy

    … unions will run a credit report, and this may affect your ability to open a checking account. If you cannot get a checking account, you should be able to open a savings account. You should read some previous blogs below regarding potential issues with a bank account and how a credit could get access to your bank account funds if you…

    Cynthia Lawson/ Bond and Botes- 28 readers -
  • Forced Arbitration: Corporate Power Over the People

    … It’s a retelling of the story of David and Goliath, this growing battle between corporations, the government and the people over this issue of arbitration and class action suits. I reported on one of the downsides of arbitration back in March; looking at how American soldiers are being denied their rights as a result of corporate banning of class…

    Greg Webb/ MichieHamlett- 10 readers -
  • Harsh New Regulations For Payday and Car Title Lenders?

    … a security interest in a vehicle as collateral, accessing the consumer’s account for repayment, and performing costly withdrawal attempts – can trap consumers in debt. These debt traps also can leave consumers vulnerable to deposit account fees and closures, vehicle repossession, and other financial difficulties, including bankruptcy. The proposals under…

    Cynthia Lawson/ Bond and Botes- 39 readers -
  • What is the Equal Credit Opportunity Act?

    … but they cannot not use those facts in determining whether to grant you credit or what the terms of such credit will be. However, neutral factors like income, expenses, debts, and credit history can be considered. The ECOA covers entities or people who regularly extend credit, including banks, credit unions, small loan and finance companies, retail…

    The Law Offices of Robert J Nahoum- 27 readers -