Credit Unions Explained: Saving and Borrowing With a Local, Member-Owned Lender

Credit unions are not-for-profit financial co-operatives owned by their members. This course explains how they work, the “common bond” that decides who can join, how your savings are protected, how credit union loans compare with high-cost credit, and how to find and join one.

Tutwoo is an independent learning provider. This course gives general information about credit unions and is not financial advice. Check the terms of any credit union before you save or borrow.

© 2026 Tutwoo UK Limited. This course was created in-house by Tutwoo and is our original work. It is for your own learning only: please do not copy, share, record or resell it.