Credit Union 101
America’s credit unions are dedicated to making sure that people have a stable financial footing to weather life’s emergencies.
With a not-for-profit member-owned structure, we work hard to find solutions that meet our members where they are. After all, we serve them, not Wall Street investors. For over a century, America’s credit unions have made a difference in underserved communities across the country by providing critical financial services to people banks overlook. Nearly 50% of credit unions have a specific focus on serving low-income communities—providing affordable interest loans, higher savings yields, and lower fees. See where credit unions are located in your legislative districts.
CREDIT UNIONS HELP WITH:
- Surprise medical billing support
- Stopgap funding when facing a job loss
- Relief funds after a hurricane, fire, or tornado
- Personalized debt consolidation support
- Adoption and fertility treatment loans
- Low-hurdle loans to help survivors of domestic violence make a fresh start
- Emergency auto repair
- Small business loans and much more
Learn about how credit unions are building better communities in your state
Choose your state
Community Leaders Support Credit Unions
Illinois House Speaker Chris Welch discussed how credit unions help underserved communities in his state. Access to credit shouldn’t be an opportunity to prey on people. Credit unions are proud to be there when people need us most. See where financial institutions are located in your district and talk with your local credit union association to see how legislative adjustments can help serve more people.
Key Credit Union Statistics
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
