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. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. 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.
Credit Union Location in Bradenton, Florida
Bradenton, Florida have 1 agent Credit Union location in your country. All country.
Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. In the credit union compensation for use of the loan (interest) is a source of compensation for savings.
| Agent | Contacts |
|---|---|
| Manatee Community Federal Credit Union, Bradenton |
604 13th Ave. E Bradenton, FL 34208
Phone: (941) 748-7704 Routing number: 12238 Charter number: 263177660 |
Historically, credit unions were preceded by widespread development of credit cooperation in many countries of Europe and America. Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. Corporate alliances are intermediaries between credit unions and financial markets.
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