SIC Code 6061-01 - Credit Unions
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SIC Code 6061-01 Description (6-Digit)
Credit unions are financial cooperatives that are owned and operated by their members. They offer a range of financial services, including savings accounts, checking accounts, loans, and credit cards. Unlike banks, credit unions are not-for-profit organizations, which means that they are able to offer their members lower fees and better interest rates. Credit unions are typically community-based, meaning that they serve a specific geographic area or group of people with a common bond, such as a profession or employer.
Hierarchy Navigation for SIC 6-Digit Code 6061-01
Parent Code (less specific)
Tools
- Core banking system
- Loan origination system
- Online banking platform
- Mobile banking app
- Customer relationship management (CRM) software
- Automated teller machines (ATMs)
- Fraud detection software
- Risk management software
- Compliance management software
- Electronic signature software
Industry Examples of Credit Unions
- Communitybased credit unions
- Credit unions for specific professions (e.g. teachers, firefighters)
- Credit unions for specific employers (e.g. government agencies, universities)
- Statechartered credit unions
- Federal credit unions
- Military credit unions
- Faithbased credit unions
- Student credit unions
- Cooperative credit unions
- Lowincome credit unions
SIC Code 6061-01 - Credit Unions
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