Credit unions also differ from the traditional consumer cooperatives. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.
Credit Union Location in Durango, Colorado
Durango, Colorado have 1 agent Credit Union location in your country. All country.
Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. The relationship between credit unions and shareholders arise from the membership and are not customer relationship.
| Agent | Contacts |
|---|---|
| Southwest Colorado Federal Credit Union, Durango |
15 Bodo Drive Durango, CO 81303
Phone: (970) 247-5204 Routing number: 12609 |
Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. Share contributions are transferred to the credit union on the basis of membership for the whole stay of a shareholder as member of the credit union and are the basis of membership. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.
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