Credit Union News Blog by Oak Tree Business Systems, Inc. - Your fun and informative source for updates, regulations and more.
Credit unions exist to serve their members. They do this in a number of ways, one of which is by offering loans at low interest rates or loans that other financial institutions may consider too small to provide. Just one category of loans they offer are back-to-school loans. These loans help millions of Americans pay for tuition expenses, text books, school supplies, laptops/tablets, dorm room essentials, credit cards, and transportation. Oak Tree provides loan forms to credit unions, and helps in their mission to better members' lives.
Credit unions are known for helping to improve the financial lives of their members and for their outstanding service. How credit unions helped with the “The Valley Fire” and other fires in Northern California is yet another example of how credit unions go above and beyond to help the communities that they serve.
On September 16, “the Michigan Credit Union League became the first league to allow credit unions to join the league without joining CUNA. "This decision will become ffective in 2016, during the next affiliation cycle. This is an important factor for credit unions, when deciding on a credit union forms provider.