Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.
Credit Union Location in Bethel, Connecticut
Bethel, Connecticut have 2 agent Credit Union location in your country. All country.
The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services.
| Agent | Contacts |
|---|---|
| Consolidated Controls Corp. Federal Credit Union, Bethel |
15 Durant Ave Bethel, CT 06801
Phone: (203) 796-6324 Routing number: 23940 Charter number: 221183227 |
| Soundview Federal Credit Union, Bethel |
14 Research Dr Bethel, CT 06801
Phone: (203) 796-4500 Routing number: 23659 Charter number: 221183159 |
Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings. In recent decades, many credit unions began to resort to such form of service as Credit unions also differ from the traditional consumer cooperatives. All the members of the credit union, regardless of gender, ethnicity, religious and political beliefs, as well as the size of the monetary share have equal rights. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.
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