What is a credit union?

Title: What is a credit union?
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.
Subject: Credit unions -- South Africa
Identifier: http://hdl.handle.net/10962/76251
Creator: Cape Credit Union League
Rights: Cape Credit Union League
Rights Holder: Cape Credit Union League
Provenance: The item is held at the Cory Library for Humanities Research, Rhodes University, on behalf of the Labour Research Service
Type: text
Extent: 22 pages
Format: pdf
Language: English
useGuidelines: The materials are made available explicitly for research and educational purposes. Any use of these materials must be cleared with the Labour Research Service.
Publisher: Cape Credit Union League
Date: 19--?

Position: 3237 (5 views)