Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Membership in the credit union forms responsible citizens and conscientious attitude to their obligations as a norm of behavior, identify the value of a decent man's reputation in the business turnover. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Corporate alliances are intermediaries between credit unions and financial markets.
Name | Contacts | Info |
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First California Federal Credit Union |
2525 E. Shields Avenue Fresno, CA 93726 | Phone: (559) 226-8282 Routing number: 23964 |