American Southwest Credit Union - Home Mortgage

An idea originated in Europe around 1844 which allowed people to pool their money an make loans to one another. The idea included three guiding principles: (1) Only credit union members could borrow money, (2) loans were made for prudent and productive purposes, and (3) repayment of loans was based on a person's character. These principles still govern most credit unions world-wide.

This concept came to North America around 1900 for similar reasons - people were poor and with consumer interest rates sky-high, they needed an affordable way to borrow money. Credit unions were the answer. A credit union is a cooperative which is a very unique type of business. Like all cooperatives, credit unions have certain core characteristics:

* We're owned by our members.
* We operate democratically.
* We're not-for-profit, we don't make money for anyone but our members.
* We support social and community programs to improve the quality of life for everyone.

101 Naco Highway, Suite 125
Bisbee, AZ 85603
Phone: (520) 432-2184
talktous@americansouthwestcu.org