Membership in the credit union is voluntary and is open to all citizens bound by with joint work or residence, who wished to create a credit union to use its services and are willing to take on relevant commitments and responsibilities. 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. In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. 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 main advantage of credit unions consists in transparency, controllability, governance for shareholders. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars.
Credit Union Location in La Junta, Colorado
La Junta, Colorado have 1 agent Credit Union location in your country. All country.
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. 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.
| Agent | Contacts |
|---|---|
| Otero County Teachers Federal Credit Union, La Junta |
316 Santa Fe Ave La Junta, CO 81050
Phone: (719) 384-7488 Routing number: 01956 |
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. In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. First central bank of credit unions appeared in 1876. Credit unions began to appear rapidly in many European countries. The right to use the services of the credit union have only its 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.
- Western Union money transfer agent location in Connecticut, Middlebury
- Western Union money transfer agent location in Illinois, Monticello
- Western Union money transfer agent location in Illinois, Pekin
- Western Union money transfer agent location in Pennsylvania, Montaursville
- Western Union money transfer agent location in Texas, Rosenberg