Credit Union Location in Santa Rosa, California

National Credit Union Administration (NCUA) - an independent federal agency, based in Washington (State of Columbia), established by the U.S. Congress to oversee the federal credit union system. 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. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. 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. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. To reduce the risk of default on loans members of the credit union shall the joint guarantee. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine.

Credit Union Location in Santa Rosa, California

Santa Rosa, California have 5 agent Credit Union location in your country. All country.

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 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.

Agent	Contacts
Cal State C U Of The North Bay Credit Union, Santa Rosa	1205 North Dutton Ave Santa Rosa, CA 95401 Phone: (707) 546-6311 Routing number: 60989
Community First Credit Union, Santa Rosa	1105 N Dutton Ave Ste A Santa Rosa, CA 95401 Phone: (707) 546-6000 Routing number: 67895
Redwood Credit Union, Santa Rosa	3033 Cleveland Avenue Santa Rosa, CA 95403 Phone: (800) 479-7928 Routing number: 60793
Sonoma County Grange Credit Union, Santa Rosa	304 Sutton Place Santa Rosa, CA 95407 Phone: (707) 584-0384 Routing number: 63373
Sonoma Federal Credit Union, Santa Rosa	1126 Montgomery Drive Santa Rosa, CA 95405 Phone: (707) 527-6216 Routing number: 14415

Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. 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. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions. Corporate alliances are intermediaries between credit unions and financial markets.