The Credit Union Movement
Credit Unions have been helping people by providing financial services to the communities they serve for over 100 years. While many understand the Credit Union business model of being a financial cooperative with the goal of returning as much value to members as possible – they might be surprised at the level of cooperation and partnerships that exist amongst Credit Unions to bring enhanced services to all 90 million members across the United States.
Shared Branch Network
Credit Unions joined together in a cooperative effort to bring members the convenience of the CU Service Centers® Network. Members can perform many financial transactions and obtain services at branches of Credit Unions other than their own. This sharing of resources allows participating Credit Union members access to over 6,100 branches nationwide, matching Bank of America.
Credit Unions also joined together to form the Co-op™ Network to provide Credit Union members access to over 30,000 surcharge-free ATMs (including over 9,000 which accept deposits) throughout the United States and Canada – as compared to the 18,000 offered by Bank of America®. This is another example of Credit Unions helping Credit Unions provide our collective membership expanded services which best the big banks.
Auto Buying Services
AutoSmart is the car buying tool developed by Credit Union Direct Lending (CUDL) to help Credit Union members make informed car-buying choices and utilize their Credit Union financing options at dealerships. The pricing, service and financing benefits of AutoSmart™ come from the more that 20 million Credit Union members who bring the collective power of over 650 Credit Unions to 9,500 participating auto dealerships across the country.