Credit Union Location in Torrance, California

The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate.

Credit Union Location in Torrance, California

Torrance, California have 4 agent Credit Union location in your country. All country.

Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate.

Agent	Contacts
Calcom Federal Credit Union, Torrance	20723 Hawthorne Boulevard Torrance, CA 90503 Phone: (310) 371-4242 Routing number: 18623
Honda Federal Credit Union, Torrance	19701 Hamilton Ave Ste 130 Torrance, CA 90502 Phone: (310) 217-8600 Routing number: 17623
Parishioners Federal Credit Union, Torrance	2355 Crenshaw Blvd #100 Torrance, CA 90501 Phone: (310) 320-4588 Routing number: 14650
Torrance Community Federal Credit Union, Torrance	2377 Crenshaw Blvd Suite 150 Torrance, CA 90501 Phone: (310) 618-9111 Routing number: 12543

Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union. 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. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision.