Introduction to Credit Union North Carolina

A credit union is different from a bank and other financial institutions in that the credit union is owned by you. Members who have accounts in the credit union are the owners of a credit union. Read on to learn more about credit unions in North Carolina.

Local Companies

RSM McGladrey, Inc.
(704) 367-6251
4725 Piedmont Row Drive
Charlotte, NC
Accounting Principals
(704) 552-5454
6000 Fairview Road
Charlotte, NC
L. Frazier Accounting
(704) 553-9996
1510 Burnley Road
Charlotte, NC
Padgett Business Services
(704) 248-6283
6000 Fairview Rd
Charlotte, NC
Paragon Commercial Bank - Charlotte Office
(704) 644-4001
4725 Piedmont Row Drive
Charlotte, NC
SouthPark Jewelers
(704) 554-6010
5950 Fairview Road Suite 12
Charlotte, NC
Wagner Noble & Co.
(704) 552-0553
5970 Fairview Road Suite 402
Charlotte, NC
Mauney-Pitt Financial Management
(704) 481-0101
310-2 E. Graham St.
Shelby, NC
American General Auto Finance
(704) 846-0134
1811 Sardis Rd N
Charlotte, NC
American General Auto Finance
(704) 846-0134
1811 Sardis Rd N
Charlotte, NC

Provided by:



A credit union is different from a bank and other financial institutions in that the credit union is owned by you. Members who have accounts in the credit union are the owners of a credit union.



According to Wikipedia, “a credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members.”



Credit unions are typically smaller than banks but exist in a wide range of sizes. Credit unions boards of directors are voted in a one person-one vote system regardless of the amount of money each person invests in the credit union. Policies such as interest rates are set by the Board of Directors. Credit unions are not-for-profit. This means they can offer lower frees and better loan rates. They also try to help members become financially literate and make better choices about their money.



Credit unions offer many of the same financial services as banks. These include savings (or share) accounts, checking accounts, credit cards, online banking, and certificates of deposit (sometimes called share term certificates). They have debit carsd, ATMs, and online services.



Credit unions are different from “the norm.” For more information on credit unions and the chance to enter a video contest and earn cash and prizes visit: www.buckthenorm.com.

Click here to read the rest of the article at YoungMoney.com.

Featured Local Company

RSM McGladrey, Inc.

(704) 367-6251
4725 Piedmont Row Drive
Charlotte, NC

Regional Articles
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- Introduction to Credit Union Greensboro NC
- Introduction to Credit Union Greenville NC
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- Introduction to Credit Union Huntersville NC
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- Introduction to Credit Union Knightdale NC
- Introduction to Credit Union Laurinburg NC
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- Introduction to Credit Union Lexington NC
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- Introduction to Credit Union Marion NC
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- Introduction to Credit Union Mount Olive NC
- Introduction to Credit Union Murphy NC
- Introduction to Credit Union New Bern NC
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- Introduction to Credit Union Winston Salem NC
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