Historically, credit unions were preceded by widespread development of credit cooperation in many countries of Europe and America. 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. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. Credit union as a consumer cooperative operates on the principles of equality of all its members. 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.
Credit Union Location in Bishop, California
Bishop, California have 1 agent Credit Union location in your country. All country.
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. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress.
| Agent | Contacts |
|---|---|
| High Sierra Credit Union, Bishop |
136 W Line St Bishop, CA 93514
Phone: (760) 873-6190 Routing number: 65664 |
First central bank of credit unions appeared in 1876. Credit unions began to appear rapidly in many European countries. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative.
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