Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. Like any financial institution, credit unions have the financial resources. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. 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.
Young Harris, Georgia have 1 agent Credit Union location in your country. All country.
U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate. Like any financial institution, credit unions have the financial resources.
|Towns-Union Educators Federal Credit Union, Young Harris||
Towns-Union Educators Federal Credit Union 5266 School St Young Harris, GA 30582
Phone: (706) 379-2303
Routing number: 22444
Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. 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. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union. Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth.