Credit Union Location in Winslow, Arizona

To get a loan in the credit union a shareholder must be not only a formally adopted there, but necessary pay in cash contributions, the amount and order of payment of which approved by the General Assembly and fixed by the charter. Credit unions also differ from the traditional consumer cooperatives. 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. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties.

Credit Union Location in Winslow, Arizona

Winslow, Arizona have 2 agent Credit Union location in your country. All country.

Credit unions also differ from the traditional consumer cooperatives. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union.

Agent	Contacts
Winslow Santa Fe Credit Union, Winslow	1021 Williamson Ave Winslow, AZ 86047 Phone: (928) 289-2962 Routing number: 63627
Winslow School Employees Federal Credit Union, Winslow	1520 W Third Street Winslow, AZ 86047 Phone: (928) 289-1968 Routing number: 11459

The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. 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. Unlike banks credit unions limit their activities to a closed circle of people. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.