Credit unions also differ from the traditional consumer cooperatives. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. 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. 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 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.
Credit Union Location in North Little Rock, Arkansas
North Little Rock, Arkansas have 4 agent Credit Union location in your country. All country.
First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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.
| Agent | Contacts |
|---|---|
| Fort Roots Federal Credit Union, North Little Rock |
2200 Ft. Roots Drive Bldg 170 Rm Gh114 North Little Rock, AR 72114
Phone: (501) 372-4654 Routing number: 24430 |
| North Little Rock Educators Federal Credit Union, North Little Rock |
2200 N Poplar St North Little Rock, AR 72114-2322
Phone: (501) 771-8074 Routing number: 24434 |
| U.P. Employees Federal Credit Union, North Little Rock |
1000 West 4th Street North Little Rock, AR 72114
Phone: (501) 373-2290 Routing number: 24435 |
| Union Pacific Of Arkansas Federal Credit Union, North Little Rock |
1101 Vine North Little Rock, AR 72114
Phone: (501) 373-2190 Routing number: 24422 |
Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their 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. All the members of the credit union, regardless of gender, ethnicity, religious and political beliefs, as well as the size of the monetary share have equal rights. To reduce the risk of default on loans members of the credit union shall the joint guarantee. 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. Historically, credit unions have grown from the experience of credit cooperatives, but they took the experience of organizations of mutual aid of citizens by moving methods of social self-protection from labor and toward consumption.