Credit Union Location in Watertown, Connecticut

The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. 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. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. 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. Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders. On the consumer credit market in the U.S. credit unions are on the third place after the commercial banks and finance companies and are ahead of savings institutions, not taking into account the loans on real estate.

Credit Union Location in Watertown, Connecticut

Watertown, Connecticut have 1 agent Credit Union location in your country. All country.

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 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.

Agent	Contacts
Greater Watertown Federal Credit Union, Watertown	48 Woodruff Ave Watertown, CT 06795 Phone: (860) 945-0611 Routing number: 00660 Charter number: 211179652

Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. 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. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.