What is a credit union?

Title: What is a credit union?
Creator: Cape Credit Union League
Subject: Credit unions -- South Africa
Date: 19--?
Type: text
Type: book
Identifier: http://hdl.handle.net/10962/76251
Identifier: vital:30526
Description: A credit union is a self-help financial co-operative where people, who are united by a Common Bond, agree to save money together and, to make loans to one another at low rates of interest. The common bond is the most important characteristic of a credit union because credit unions are founded on trust and unless members already have something in common, they have no basis for trusting one another. The purpose of the common bond is to protect members' interests and members' funds. It also fosters a spirit commitment and co-operation.
Format: 22 pages, pdf
Publisher: Cape Credit Union League
Language: English
Rights: Cape Credit Union League
Rights: No part of this publication may be reproduced or transmitted in any form or by any means without prior permission from the publisher

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