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Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. 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 unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. Corporate alliances are intermediaries between credit unions and financial markets.


I.B.E.W. Local #146 Credit Union, Credit Union Location Decatur, Illinois


Name Contacts Info
I.B.E.W. Local #146 Credit Union
3390 N. Woodford St Decatur, IL 62526 Phone: (217) 877-6521
Routing number: 65840
Charter number: 271183109
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