Overview
A primary purpose of credit unions in furthering their goal of service is to encourage members to save money. Members pool their assets - that is, their money - to form the basis of the credit union's other financial services. One of these services, and another purpose of a credit union, is to offer loans to members. Traditionally, credit unions have made loans available to people of ordinary means, thus, members who may not be eligible for loans elsewhere may be able to get a loan at their credit union. Credit unions can charge lower rates for loans (in addition to paying higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services. The purpose of the FAA Federal Credit Union is to maintain a sound, full-service financial institution managed with prudence, compassion, and vision, for maximum member benefit. FAA Federal Credit Union operates as a financial cooperative. The Union provides financial solutions such as loans, investment, savings, credit and debit cards, online banking, and other related services. FAA Federal Credit Union serves communities in the State of Tennessee. Faa Federal Credit Union in Houston, TX is a private company categorized under Loans. Current estimates show this company has an annual revenue of $500,000 to $1 million and employs a staff of approximately 1 to 4. Companies like Faa Federal Credit Union usually offer: Uw Credit Union, Homeowner Insurance Quote, Home Insurance Policies, Desert Schools Credit Union and Onpoint Credit Union.
