Historically, credit unions were preceded by widespread development of credit cooperation in many countries of Europe and America. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Members of credit unions place in credit unions usually free fund balances, ie those that remain after expenses devoted to education of children, the acquisition of new properties, additional pension benefits, etc. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Credit union as a consumer cooperative operates on the principles of equality of all its members.
Credit Union Location in Lamar, Colorado
Lamar, Colorado have 2 agent Credit Union location in your country. All country.
Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Members of credit unions place in credit unions usually free fund balances, ie those that remain after expenses devoted to education of children, the acquisition of new properties, additional pension benefits, etc.
| Agent | Contacts |
|---|---|
| Fellowship Credit Union, Lamar |
803 East Olive Street Lamar, CO 81052
Phone: (719) 336-5511 Routing number: 64852 |
| Lamar Civic Federal Credit Union, Lamar |
311 S. 5th St Lamar, CO 81052
Phone: (719) 336-4387 Routing number: 10246 |
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. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress.
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