A Military Credit Union is a financial institution that provides banking services specifically for members of the military, veterans, and their families. These credit unions offer a range of products, including savings accounts, loans, and credit cards, often with favorable terms and lower fees compared to traditional banks. Membership in a military credit union typically requires affiliation with the armed forces, such as being an active-duty service member, a veteran, or a family member of someone who has served. Many military credit unions also provide financial education and resources tailored to the unique needs of military personnel, including deployment and relocation assistance.