Money transfer agent locations

The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. 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. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. Credit union as a consumer cooperative operates on the principles of equality of all its members. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies.


Credit Union Location in Georgia

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. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit.


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The right to use the services of the credit union have only its members. 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. The specifics of the credit union as a credit consumer cooperative is that it is a form of mutual financial assistance of citizens. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. 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. When organizing 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. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee.