Credit Union: Non Profit Organization

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Credit Union:
The credit union is a non profit organization that exists to serve its members. Credit unions accept deposits, provide loans and offer other various financial services. If you have money in a credit union account they can provide you with loans over a set period of time at reasonable rates.

You can pay a big amount of your loan back earlier if you wish, to clear your debt
More likely to give you a loan than a bank if you have an account and money deposited with them
Lower interest rates
Credit unions are usually more lenient than banks when it comes to repayments and may give you more time to pay them back if something goes wrong for you.

You have to be a member for a certain amount of time before
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