Where is the credit union located? A branch of the Coastal Federal Credit Union in Raleigh, North Carolina. A credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its members credit at competitive rates as well as other financial services.What are local credit unions? There are four main types of credit unions: Federal credit unions, which operate under federal financial regulations rather than state banking laws. Employer credit unions, which are sponsored by employers for their employees. Local credit unions, which serve people that live in a certain area.What is employee credit union? Federal Employees Credit Union is a member of the National Credit Union Administration. Your savings federally insured to at least $250,000.00 and backed by the full faith and credit of the United States Government.
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