Credit Unions Anyone Can Join

Credit Unions are the underdog of financial institutions. With over 100 million members and $1.1 trillion in assets, credit unions are growing but still pale in comparison to the trillions of dollars in assets held by the big banks. But sometimes, the underdog is the better option, which is often true in the case of […]

Credit Unions are the underdog of financial institutions. With over 100 million members and $1.1 trillion in assets, credit unions are growing but still pale in comparison to the trillions of dollars in assets held by the big banks.

But sometimes, the underdog is the better option, which is often true in the case of credit unions. Credit unions often offer lower fees, lower interest rates, better customer service and are accountable to their members compared to deep-pocket stockholders.

Credit unions also differ from banks in their eligibility requirements. Laws created by the Federal Credit Union Act of 1934 dictate credit unions must have defined memberships. For example, members must have a common bond such as the same place of worship, employer, geographic location or relationship to an existing member. Read more

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About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

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