Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.
Credit Union Location in Seal Beach, California
Seal Beach, California have 1 agent Credit Union location in your country. All country.
Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.
| Agent | Contacts |
|---|---|
| Sea Air Federal Credit Union, Seal Beach |
800 Seal Beach Blvd Bldg 12 Seal Beach, CA 90740
Phone: (562) 431-1341 Routing number: 07817 |
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. 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. 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. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members.
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