Credit unions traditionally have been the best place to get a loan. Interest rates are usually lower than those offered by other lenders. Since credit unions consider one's character as well as collateral, it is often easier to get a get a credit union loan. Most Kentucky credit unions also offer the convenience of payroll deduction for ease in making the payments. In a credit union you'll find many other consumer services to help you secure a financially sound future.
Credit unions are non-profit.
Earnings are distributed to members either in the form of better rates on savings and loans, or earnings are invested in new or improved services for members. Once you deposit money in the credit union, you become a member-owner. Eligible members can then vote for the credit union's Board of Directors on a one member, one vote basis. Officers and directors are chosen from the membership and serve on a voluntary basis. Once you join you not only become a member of the credit union but part of a national financial system.