Credit Union Location in Mobile, Alabama

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. In recent decades, many credit unions began to resort to such form of service as Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision. The right to use the services of the credit union have only its members. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate.

Credit Union Location in Mobile, Alabama

Mobile, Alabama have 10 agent Credit Union location in your country. All country.

In recent decades, many credit unions began to resort to such form of service as Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities.

Agent	Contacts
Azalea City Credit Union, Mobile	505 Boulevard Park East Mobile, AL 36609 Phone: (251) 316-0000 Routing number: 68224 Charter number: 265176009
Gulf Coast Federal Credit Union, Mobile	1001 Springhill Ave Mobile, AL 36604 Phone: (251) 438-7464 Routing number: 07520 Charter number: 265176151
Mobile Educators Credit Union, Mobile	3150 Airport Blvd Mobile, AL 36606 Phone: (251) 473-4712 Routing number: 61286 Charter number: 265176193
Mobile Government Employees Credit Union, Mobile	109 St. Joseph Street Mobile, AL 36602 Phone: (251) 694-4100 Routing number: 61339 Charter number: 265176216
Mobile Postal Credit Union, Mobile	4365 Midmost Drive Suite 5 Mobile, AL 36609 Phone: (251) 342-1472 Routing number: 62471 Charter number: 265176258
New Horizons Credit Union, Mobile	622 Azalea Road Mobile, AL 36609 Phone: (251) 316-3240 Routing number: 60799 Charter number: 265176339
Progressive Federal Credit Union, Mobile	1114 Springhill Ave Mobile, AL 36604 Phone: (251) 338-2092 Routing number: 11422 Charter number: 265176313
Shoreline Credit Union, Mobile	901 Springhill Ave Mobile, AL 36604 Phone: (251) 441-7400 Routing number: 64725 Charter number: 265176067
The Infirmary Federal Credit Union, Mobile	1753 Springhll Ave Mobile, AL 36607 Phone: (251) 435-5900 Routing number: 21794 Charter number: 265176232
University Of South Alabama Federal Credit Union, Mobile	103 Hillcrest Road Mobile, AL 36608 Phone: (251) 706-0255 Routing number: 13659 Charter number: 265176203

Like any financial institution, credit unions have the financial resources. Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. 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. Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.