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| What is Credit Union?
The Credit Union is a nonprofit organization where it's members are the actual owners. These unions usually have a common interest like same community, co-workers, employees, same religion. The profit is divided between each member. Also the members are the borrowers and the lenders. In the union you could get a loan under better conditions.
Most commonly these unions are made by large firms and corporations for their employees. Anybody being a member is a partial owner of the union and help to succeed. After each period the members receive interest according to their investment. | | | | |
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