Federal Credit Union vs Credit Union?
What is the difference between a Federal Credit Union and Credit Union? For example, you will see a name like Arizona Federal Credit Union (not Arizona Credit Union) or you will see another name as Arizona Central Credit Union (not Arizona Central Federal Credit Union).
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A federal credit union is one that is chartered under the US Federal Credit Union Act, while one which does not contain the word "federal" in it is chartered under a state's credit union act. See the link below for more information about federal credit unions:
http://en.wikipedia.org/wiki/Federal_Credit_Union_...
Hope this helps. Good luck!