VATICAN CITY - Pope Benedict XVI has compared "love" and "credit unions" in his third encyclical, titled "Charity in Truth." The document offers the pope's thoughts on business, finance and broader economic issues. "If love is wise, it can find ways of working in accordance with provident and just expediency, as is illustrated in significant ways by much of the experience of credit unions," the pope stated, calling for more economic resources to aid the poor and the environment. He released the statement in conjunction with the G-8 meeting that was being held in Italy.A credit union is a cooperative financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members. Many credit unions exist to further community development or sustainable international development on a local level.
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