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Borrowing Money from a Credit Union


Shalom, I am in a situation of getting a mortgage on my house and a broker brought me a offer from a Credit Union which has very good rates, and was concerned regarding there being a question of Ribbis being that the money they lend out are from other members depository accounts and I am sure some members are Jewish, vs a conventional bank that the money being lent out belongs to the bank??

Thank you


Borrowing money from a credit union is problematic without a heter iska. Please see the following post

Also קול קורא - credit union (002) רב שלמה מילר


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