Credit unions are local community not-for-profit financial organisations in which you can save your money or get a loan. They can also teach you how to manage your finances.
Source: Credit Unions: Local community savings & loans @ MoneySavingExpert.com
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- Credit union @ Wikipedia
Excerpt: A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. Many credit unions also provide services intended to support community development or sustainable international development on a local level.
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