Like any financial institution, credit unions have the financial resources. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Credit cooperatives and credit unions exist in many different forms. The main differences relate to the nature of the membership and the opening of a credit institution. Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders. Corporate alliances are intermediaries between credit unions and financial markets.
Name | Contacts | Info |
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Arapahoe Credit Union |
3999 E Arapahoe Road Centennial, CO 80122 | Phone: (303) 740-7063 Routing number: 64110 Charter number: 307076342 |