Credit unions

Credit unions

Blog Article

Credit unions are non-profit organizations that provide financial assistance to their members. They often offer better credit terms than banks because their goal is to support members, not make a profit. To get a loan in a credit union, you need to become a member, which usually involves paying a certain entrance fee. Credit unions can be more flexible in their requirements and often look not only at credit history, but also at the applicant's personal circumstances. This makes them an attractive option for those facing bank rejections.