Credit Union Location in Westport, Connecticut

Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). Like any financial institution, credit unions have the financial resources. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions. 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 Westport, Connecticut

Westport, Connecticut have 2 agent Credit Union location in your country. All country.

Like any financial institution, credit unions have the financial resources. The relationship between credit unions and shareholders arise from the membership and are not customer relationship.

Agent	Contacts
Tri-Town Teachers Federal Credit Union, Westport	Tri-Town Teachers Federal Credit Union 61 Jesup Road Westport, CT 06880 Phone: (203) 227-8511 Routing number: 10213 Charter number: 221174498
U.F.C.W. Local 371 Federal Credit Union, Westport	290 Post Road West Westport, CT 06880 Phone: (203) 226-1049 Routing number: 23036 Charter number: 221183311

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 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. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Credit union services are available only to its shareholders. 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. Membership in the credit union forms responsible citizens and conscientious attitude to their obligations as a norm of behavior, identify the value of a decent man's reputation in the business turnover.