Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. The relationship of shareholders with credit union are not client-based, they are co-operative, based on different principles and standards, in particular, on the principles of the law of obligations. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations.
Credit Union Location in Dixon, Illinois
Dixon, Illinois have 1 agent Credit Union location in your country. All country.
Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations.
| Agent | Contacts |
|---|---|
| Dixon City Employees Federal Credit Union, Dixon |
220 S. Hennepin Dixon, IL 61021
Phone: (815) 288-3323 Routing number: 15995 Charter number: 271983448 |
The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. Membership in the credit union forms responsible citizens and conscientious attitude to their obligations as a norm of behavior, identify the value of a decent man's reputation in the business turnover. 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. 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. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.