Page 13 - Book4E

Credit unions are for everyone
The important thing to remember is that credit unions are for everyone, regardless of income level. Although the law limits, to a certain extent, who may belong to a credit union, many credit unions now define their “group” broadly enough that almost everyone can find a credit union for which he or she qualifies as a member. Residing within certain geographical boundaries is often a way of defining the membership.
If you would like to find a credit union you can join to begin your savings plan, try the following:
• Locate your state league and ask for information about credit unions you may be able to join. You can find a list of state league contacts at www.creditunion.coop.
• Ask your neighbors. They may know of a credit union that serves your neighborhood.
• Ask your employer about a company credit union or a credit union that the company has partnered with to allow its
employees to join.
• Ask your family. Many credit unions allow family members
to join. Unions define eligible family members differently, but some include extended family like cousins, aunts, and uncles.
• Check the telephone directory, especially the Yellow Pages. Some credit unions will state their membership group in the directory. If not, call them and ask.
HIstory of Credit Unions 3