Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. 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. 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. The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit. Corporate alliances are intermediaries between credit unions and financial markets.
Name | Contacts | Info |
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Printing Industries Credit Union |
5800 S. Eastern Avenue Suite 250 Commerce, CA 90040 | Phone: (323) 728-1866 Routing number: 64826 |