Credit Union Location in Ottawa, Illinois

Membership in the credit union is voluntary and is open to all citizens bound by with joint work or residence, who wished to create a credit union to use its services and are willing to take on relevant commitments and responsibilities. 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.). 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. 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. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. 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. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations.

Credit Union Location in Ottawa, Illinois

Ottawa, Illinois have 4 agent Credit Union location in your country. All country.

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.). 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.

Agent	Contacts
Bakelite Ottawa Plastics Credit Union, Ottawa	311 E Joliet St Ottawa, IL 61350 Phone: (815) 434-5860 Routing number: 61471 Charter number: 271987334
Financial Plus Credit Union, Ottawa	800 Chestnut St Ottawa, IL 61350 Phone: (815) 433-1496 Routing number: 61231 Charter number: 271987363
Lasalle County School Employees Credit Union, Ottawa	1313 Chestnut St Ottawa, IL 61350 Phone: (815) 434-2860 Routing number: 64410 Charter number: 271987376
Ottawa Hiway Credit Union, Ottawa	700 E Norris Dr Ottawa, IL 61350 Phone: (815) 434-8475 Routing number: 63213 Charter number: 271987392

The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. 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. Credit union as a consumer cooperative operates on the principles of equality of all its members. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union.