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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. 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. In the U.S., credit unions have a clear organizational structure. All credit unions belong to one or the other parent credit union (there are 35 of them in the U.S.). When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings.


Credit Union Location in Coeur Dalene, Idaho

Credit Union

Coeur Dalene, Idaho have 1 agent Credit Union location in your country. All country.

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. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy.

Agent Contacts
Public Employees Credit Union, Coeur Dalene 1410 N Government Way Coeur D Alene, ID 83814

Phone: (208) 667-7722
Routing number: 60902


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Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. Unlike banks credit unions limit their activities to a closed circle of people. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. Historically, credit unions were preceded by widespread development of credit cooperation in many countries of Europe and America. 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.