– Occupational credit unions are open to employees of a specific company, industry, or profession. These credit unions are often created by workers who want to have more control over their financial services and benefit from the collective bargaining power of their group. Some examples of occupational credit unions are Navy government Borrowing commitment, which serves members of the military, veterans, and their families, and Teachers Federal Credit Union, which serves educators and school employees in New York.
Location: Certain borrowing unions derive from a geographical area, such as for example a community, state, county, or area
– Associational credit unions was offered to members of a particular business, bar, or relationship. These credit unions are often designed because of the people who share a good well-known focus, craft, or cause. Continue reading