Virginia Credit Unions laws & compensation compliance analysis

Virginia Credit Unions: What you need to know

A credit union is a member-owned financial institution organized to encourage savings and to provide loans with competitively low interest rates to members. In Virginia, as elsewhere, credit unions have evolved into sophisticated financial institutions offering a variety of services to members.
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Virginia law contains detailed and complex requirements for the formation and administration of credit unions (VA Stat. Sec. 6.1-225). Because of the complexity of these laws, an organization seeking to set up a credit union needs expert assistance. It is often easier to join an existing credit union rather than to start a new one.

Read more about Credit Unions

Related Topics

More on this topic:

Virginia Credit Unions Resources

Type Title
White Papers Credit Union Memberships Can Save Employees Money
See all Credit Unions Resources