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Chapter 1
Credit Unions: Leading the Way
You Will Know
Insecured Financial Institutions
What is a Bank?
What's a Credit Union
What is a Thrift
Other Businesses
Keep Your Money
NCUA
FDIC
Brief History of Credit Unions
Credit Unions: Promote Economic Development
National Credit Union Foundation (NCUF)
Share/Deposit Accounts
Deposit
Share
Balance
Withdrawal
Fees
Interest
Dividend
Accounts
ATM
Debit Card
Direct Deposit
Loans
Money Order
Automated
On-Line Financial Transactions
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Other Businesses
(not financial institutions)
Check Cashing Service:
Charges high fees for cashing checks
Pay Day Lenders:
Very high interest rate loans
Goal to keep you in a cycle of borrowing
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