Like any financial institution, credit unions have the financial resources. Credit unions also differ from the traditional consumer cooperatives. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members.
Credit Union Location in Georgiana, Alabama
Georgiana, Alabama have 1 agent Credit Union location in your country. All country.
Credit unions also differ from the traditional consumer cooperatives. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust.
| Agent | Contacts |
|---|---|
| Alabama West Florida Methodist Federal Credit Union, Georgiana |
268 Miranda Ave Georgiana, AL 36033
Phone: (334) 376-2415 Routing number: 18187 Charter number: 262183752 |
Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. Share contributions are transferred to the credit union on the basis of membership for the whole stay of a shareholder as member of the credit union and are the basis of membership. To reduce the risk of default on loans members of the credit union shall the joint guarantee. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.
- Western Union money transfer agent location in Illinois, Rantoul
- Western Union money transfer agent location in Louisiana, Morgan City
- Western Union money transfer agent location in Mississippi, Hattiesburg
- Western Union money transfer agent location in New Jersey, Carteret
- Western Union money transfer agent location in New York, Larchmont
- Western Union money transfer agent location in Ohio, Clyde
- Western Union money transfer agent location in Texas, La Joya
- Western Union money transfer agent location in Vermont, N. Brattleboro