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Credit Unions

April 13, 2006

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Credit unions are financial institutions owned by the members or employees of a company or other group.

Credit unions exist primarily to provide benefits to the members, and they have different regulatory requirements that may permit them to offer interest rates and other terms that may be more favorable than those offered by a bank. The amount you will be able to borrow from a credit union may not be large, but this source of funds may be helpful in making initial purchases for your business.

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