LYNCHBURG, Va. (5/12/14)--With better loan and savings rates, and fewer fees than for-profit banks, Virginia-based credit unions delivered $882 million in direct financial benefits to their members in 2013, the Virginia Credit Union League reported Friday in its 2013 Impact Report.
"As member-owned financial cooperatives, our mission is simply to serve our members and work toward the betterment of our communities," said Rick Pillow, league president. "Our credit unions touch the lives of millions each day, meeting their needs for home loans, car loans and many safe, insured options for retirement savings."
Among the highlights in the impact report:
To download the report, use the link.