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. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. 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. At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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 relationship of shareholders with credit union are not client-based, they are co-operative, based on different principles and standards, in particular, on the principles of the law of obligations. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. 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. 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.
Wethersfield, Connecticut have 5 agent Credit Union location in your country. All country.
Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy.
Agent | Contacts |
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Capitol Region Federal Credit Union, Wethersfield |
1233 Silas Deane Hwy Wethersfield, CT 06109
Phone: (860) 513-4024 Routing number: 09184 Charter number: 211179937 |
Connecticut Labor Department Federal Credit Union, Wethersfield |
200 Folly Brook Blvd Wethersfield, CT 06109
Phone: (860) 263-6500 Routing number: 03544 Charter number: 211180010 |
Dutch Point Credit Union, Wethersfield |
195 Silas Deane Highway Wethersfield, CT 06109
Phone: (860) 563-2617 Routing number: 60457 Charter number: 211180023 |
Hartford Postal Employees Credit Union, Wethersfield |
185 Silas Deane Hwy Wethersfield, CT 06109
Phone: 860-571-7453 ext. 13 Routing number: 60482 Charter number: 211977359 |
Ukrainian Selfreliance New England Federal Credit Union, Wethersfield |
21 Silas Deane Highway Wethersfield, CT 06109
Phone: (860) 296-4714 Routing number: 13107 Charter number: 211977498 |
Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. In recent decades, many credit unions began to resort to such form of service as First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union. To reduce the risk of default on loans members of the credit union shall the joint guarantee. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU.