Congress passed a Federal Credit Union Act in 1934 to facilitate the organization of federal credit unions across the United States. People Helping People is the credit union way. VCCU began in 1950 with 10 founding members, and now serves over 36,000. There are 36,512 credit unions worldwide, serving more than 108 million people.
Credit unions are financial cooperatives, owned by the people who save and borrow there.
Once you deposit money in a credit union, you become a member.