Credit Union Location in Lakeland, Florida

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. 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. 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. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars 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 Lakeland, Florida

Lakeland, Florida have 3 agent Credit Union location in your country. All country.

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. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars

Agent	Contacts
Lakeland Postal Employees Federal Credit Union, Lakeland	2800 Lakeland Hill Blvd Lakeland, FL 33804 Phone: (863) 682-5142 Routing number: 00945 Charter number: 263179781
Midflorida Credit Union, Lakeland	129 S Kentucky Ave Lakeland, FL 33801 Phone: (863) 616-2114 Routing number: 68600 Charter number: 263179804
Publix Employees Federal Credit Union, Lakeland	3005 New Tampa Highway Lakeland, FL 33815 Phone: (863) 683-6404 Routing number: 23020 Charter number: 263179817

Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. 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. In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments. Historically, credit unions have grown from the experience of credit cooperatives, but they took the experience of organizations of mutual aid of citizens by moving methods of social self-protection from labor and toward consumption. 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. The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit.