It's an agreement by the two groups to work together to help people with financial concerns. Consumer Credit Counseling Services and Credit Counseling Centers, Inc.are national, nonprofit resources that has more than 30 offices in Wisconsin and neighboring states.
Credit unions are also nonprofits.
They are member-owned cooperatives, meaning they are financial institutions that return earnings to members in the form of higher rates of return on accounts, lower loan rates, lower or no fees, improved services or annual dividends. Because they are member-owned, credit unions are primarily concerned with looking out for their members' best interest and providing them with the best deals possible. More than half of Wisconsin's credit unions are open to the community, unlike years ago when they mainly consisted of employees of sponsoring companies. People who seek financial help come from a variety of backgrounds, job classifications and salary ranges. Some have serious debt problems, while some are on the verge of more serious problems.