Credit Union Location in Waterbury, Connecticut

Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. First central bank of credit unions appeared in 1876. Credit unions began to appear rapidly in many European countries. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union.

Credit Union Location in Waterbury, Connecticut

Waterbury, Connecticut have 5 agent Credit Union location in your country. All country.

The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.

Agent	Contacts
Greater Waterbury Healthcare Federal Credit Union, Waterbury	64 Robbins St Waterbury, CT 06708 Phone: (203) 573-6227 Routing number: 10865 Charter number: 211179539
Waterbury Firefighters Federal Credit Union, Waterbury	601 Watertown Avenue Waterbury, CT 06708 Phone: (203) 753-9201 Routing number: 00042 Charter number: 211179568
Waterbury Police Federal Credit Union, Waterbury	255 East Main St Waterbury, CT 06702 Phone: (203) 757-6775 Routing number: 03709 Charter number: 211179584
Waterbury Postal Employees Federal Credit Union, Waterbury	135 Grand Street Room 209 Waterbury, CT 06702 Phone: (203) 756-2891 Routing number: 03337 Charter number: 211179610
Waterbury Telephone Federal Credit Union, Waterbury	2457 E Main St Waterbury, CT 06705 Phone: (203) 755-2030 Routing number: 00452 Charter number: 211179571

Typically, donor contributions to the credit unions are targeted and used in the same statutory requirements and restrictions as the Mutual Financial Aid fund as a whole. 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. The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. Taking a decision to join a credit union, citizens create an organization through which they participate in the shared savings by mutual crediting and joint (collective) use of personal savings.