Money transfer agent locations

Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Unlike banks credit unions limit their activities to a closed circle of people. Credit union services are available only to its shareholders. Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Credit union as a consumer cooperative operates on the principles of equality of all its members.


Credit Union Location in Alaska

Unlike banks credit unions limit their activities to a closed circle of people. Credit union services are available only to its shareholders. At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy.


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The right to use the services of the credit union have only its members. The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies.