SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/teen-credit-union-owned

Who owns a credit union?

A credit union is owned by its members.

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  1. Its members ✔
  2. The federal government
  3. A few big investors

Why: A credit union is a cooperative financial institution. It can be chartered by the National Credit Union Administration or by a state government.

Huh, didn't know that: Banks and credit unions both accept deposits and make loans.

The dad joke
Knock, knock. Who's there? Celeste. Celeste who? Celeste time I lend you money.
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References

Answer: Its members. A credit union is a cooperative financial institution. It can be chartered by the National Credit Union Administration or by a state government.

  1. CFPB Youth Financial Education Glossary www.consumerfinance.gov/consumer-tools/educator-tools/youth-financial-education/glossary
    chartered by the National Credit Union Administration (a federal independent agency) or a state government and is owned by its individual members
    Checked 2026-10-10.

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That's stuff everyone should know.