Credit Unions: Advancing Communities

One Person at a Time

FINANCIAL LITERACY MONTH

Improving peoples’ financial well-being is at the heart of the mission and structure of America’s credit unions. The essence of this commitment is reflected in the credit union philosophy of “people helping people” and is something credit unions have been doing for more than 100 years.

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Advancing the lives of Credit Union Members Through Good Times and Bad

No matter what life brings, America’s credit unions have always been there to help strengthen the financial lives of individuals, families, and businesses across our nation. Credit unions are not-for-profit financial cooperatives owned by and operated for the benefit of the members they serve.  Stronger Credit Unions make Stronger Communities.

This is why credit unions embrace their role in ensuring economic prosperity and fairness for everyone, including addressing the systematic socioeconomic disparities and inequalities in our communities. Our Plan for Better Communities confronts this challenge by:

  • Providing affordable financial services to more Americans, no matter where they live–especially for underserved and diverse communities in rural and urban areas;

  • Protecting families from predatory lenders by providing low-interest and responsible short-term loans when hit with unexpected medical debt, surprise medical billing, job loss, or other emergencies;

  • Helping more Americans achieve the American dream of owning a home with access to easy and lower cost home loans;

  • Assisting working families in sending their children to college via lower-cost student loans;

  • Ensuring their members’ personal financial data is secure and their privacy is protected against hackers and other bad actors;

  • Investing more in the local communities they serve, growing the local economy by expanding small businesses loans, and empowering job growth; and

  • Ensuring that all Americans  have access to a  not-for-profit cooperative choice  when it comes to their families’ financial futures.

The Credit Unions’ Plan for Better Communities is a common-sense, bipartisan set of solutions to transform the financial lives of all Americans.

Learn about how credit unions are building better communities in your state

 

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Featured News:

A survey of US voters by the Credit Union National Association found that the sector returns billions of dollars to billions of dollars to members and communities ...

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April marks financial literacy month, and looking around the U.S., it’s clear that Americans need it. ...

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CUNA continues its call for credit unions to submit their stories to the Advancing Communities website, especially during April’s National Credit Union Youth Month and Financial Literacy Month. Many credit unions have done so already, using the site to highlight the many ways they’ve responded to member needs. ...

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For more than 85 years, Financial Partners Credit Union has helped its members build strong financial foundations to ensure they have better financial futures. The institution accomplishes that through its product line, which includes secured cards and credit builder loans that empower members to establish or improve their financial profiles. ...

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Advancing communities through:

1 Million
Jobs
5,347
Credit Unions
120 Million
Members
$248
Financial Benefits per Household
$13 Billion
Total Financial Benefits for Americans
$223 Billion
Total Economic Impact