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    ion. The credit union also deals in the same spectrum of services which other financial organizations like banks
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    A credit union is a non-profit financial organization that is owned and regulated by its members through a representative electoral board of directors nominated from the membership itself. A member of a credit union can deposit or withdraw the money from the credit union.

    The difference between a conventional institution like a loan corporation or a bank and a credit union lies in the fact that members are in fact the owners of the organization. The credit union also deals in the same spectrum of services which other financial organizations like banks

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    sentative electoral board of directors nominated from the membership itself. A member of a credit union can deposit or withdraw the money from the credit union.

    The difference between a conventional institution like a loan corporation or a bank and a credit union lies in the fact that members are in fact the owners of the organization. The credit union also deals in the same spectrum of services which other financial organizations like banks

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    it or withdraw the money from the credit union.

    The difference between a conventional institution like a loan corporation or a bank and a credit union lies in the fact that members are in fact the owners of the organization. The credit union also deals in the same spectrum of services which other financial organizations like banks

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    an corporation or a bank and a credit union lies in the fact that members are in fact the owners of the organization. The credit union also deals in the same spectrum of services which other financial organizations like banks
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    ion. The credit union also deals in the same spectrum of services which other financial organizations like banks offer, like share certificates, savings accounts, credit cards etc. Being a co-operative institution, it works towards the mutual interest of its owner members by charging a low rate of interest on loans and giving a high rate of interest as dividends on shares invested. The profit conscious organizations are at loggerheads with credit unions because the earnings for credit unions are tax-free. In fact the American Bankers Association made withd

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