Credit Union to undergo challenges

Credit Union to undergo challenges

After financial banks, credit unions are traditional ways of investing and saving money. However, credit unions can be differentiated from banks for their high-interest rates and members’ ownership. In banks, profit is made generally by the creditors who are investors in the bank, while in credit union’s both creditors and debtors are members of the union who also share the profit. Therefore, credit unions focus a lot on providing personalized service to the members of their organization.

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