Normally, only a member of a credit union may deposit or borrow money.
A branch of the Coastal Federal Credit Union in Raleigh, North CarolinaĪ credit union is a member-owned nonprofit cooperative financial institution.Ĭredit unions may offer financial services as commercial banks such as share accounts ( savings accounts), share draft accounts ( cheque accounts), credit cards, credit, share term certificates ( certificates of deposit), and online banking.
