First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments. 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. The right to use the services of the credit union have only its members.
Credit Union Location in Oak Park, Illinois
Oak Park, Illinois have 1 agent Credit Union location in your country. All country.
Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars 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.
| Agent | Contacts |
|---|---|
| Metropolitan L Federal Credit Union, Oak Park |
949 S Ridgeland Oak Park, IL 60304
Phone: (708) 386-9272 Routing number: 02370 Charter number: 271987224 |
Fund of Mutual Financial Aid of the credit union can be extended by sponsorship contributions from businesses, organizations, including on a returnable basis. Credit unions also differ from the traditional consumer cooperatives. 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. At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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. On the consumer credit market in the U.S. credit unions are on the third place after the commercial banks and finance companies and are ahead of savings institutions, not taking into account the loans on real estate.
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