Credit unions can be an alternative to payday loans or doorstep lending and can help those who can’t get access to ordinary bank products.
Source: Credit Unions: Local community savings & loans @ MoneySavingExpert.com
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- Credit union @ Wikipedia
Excerpt: Credit unions see themselves as different from mainstream banks, with a mission to be “community-oriented” and “serve people, not profit”. Credit unions offer many of the same financial services as banks.
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