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Credit union |
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Credit unionA not-for-profit institution that is operated as a cooperative and offers financial services such as low-interest loans, to its members.Credit unionNonprofit cooperative organizations that provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members.Credit unionA mutual association formed by people with a common affiliation such as employees, a union or a religious group in which pooled saving are made. The funds are invested for appreciation and members may borrow at competitive rates.Similar MatchesTransferable letter of creditTransferable letter of creditDocument that allows the first beneficiary on a standby bank assurance of funds to transfer all or part of the original letter of credit to a third party. Comparative credit analysisComparative credit analysisComparing a firm to others that have a desired target debt rating in order to deduce an appropriate financial ratio target. Pension creditPension creditA state benefit due to be introduced in 2003 which is intended to reward people who have saved for their retirement. Pensioners will receive a credit of 60p for each pound derived from a source other than the basic state pension, subject to an overall income limit of £135 per week for a single pensioner and £200 for pensioner couples. CreditCredit1. Recorded as positive (+) in the balance of payments, any transaction that gives rise to a payment into the country, such as an export, the sale of an asset (including official reserves), or borrowing from abroad. Opposite of debit. 2. A loan. For example, a trade credit. Credit historyCredit historyIf you have a history of bad debts, county court judgements or bankruptcy to your name, you may not be eligible for a mainstream mortgage. To help ensure you are a good credit risk, a lender may require references from your existing lender, bank or landlord. In addition to this, many lenders will make use of the services of one of the two large credit agencies, Experian and Equifax. These offer a credit inquiry or a full credit application, which show details of any existing credit arrangements or county court judgements against you. Further SuggestionsSyndicated Eurocredit loansExport Credits Guarantee Department Creditors committee National Foundation for Consumer Credit credit spread Equity Line Of Credit Credit checks credit card Financial institution buyer credit policy Credit analysis Standby letter of credit Credit linked security Credit Rating Agencies Bank Letter of Credit Policy Demand line of credit Credit bureau Consumer credit Loose credit Full faith and credit obligations Consumer Credit Protection Act of 1968 National Credit Union Administration Credit insurance Backup Line of Credit Nonaccredited investor Letter of credit (LOC) |
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