Lender Types Map

Banks, credit unions, brokers and nonbank lenders, mapped side by side

Credit union membership

On the map

Credit unions lend to members, so you usually need to join first. Membership can be based on where you live or work, an employer or an association. Joining often takes only a small deposit into a share account.

Last reviewed against the primary sources listed below.

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Common questions about where to apply

Do I need to be a member to get a credit union mortgage?

Usually yes.

How do I join a credit union?

Meet its membership criteria and open a share account.

Regulators and references

Next: credit unions