Know More About Your Credit Union

Credit unions are found all over the world and more and more people are joining. But how much do you really know about credit unions? For instance, do you know how they got started? What makes them so different from other financial institutions? Take this quiz and find out!

1. People who belong to credit unions are called customers.
           True False
2. Credit unions are not-for-profit.
           True False
3. The credit union motto is "To serve and protect."
           True False
4. What year was the Federal Credit Union Act passed?
           a.1934
           b.1956
           c.1989
           d. none of these
5. The first true credit union was in France.
           True False
6. Members of a credit union are considered partial owners.
           True False
7. Where was the first credit union in the United States located?
           a. Hazleton, Pa.
           b. Washington, D.C.
           c. Boston, Mass.
           d. Manchester, N.H.
8. The National Credit Union Administration, or NCUA, insures savings and supervises federal credit unions throughout the country.
           True False
9. At Chaco Credit Union, your family, friends and co-workers may be eligible to join if they live, work, worship, or attend school in Butler, Hamilton or Preble counties. Call 513-785-3500 today to see how you can share the benefits of credit union membership.
           True False

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