Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Credit unions also differ from the traditional consumer cooperatives. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. 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. Historically, credit unions have grown from the experience of credit cooperatives, but they took the experience of organizations of mutual aid of citizens by moving methods of social self-protection from labor and toward consumption. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. The right to use the services of the credit union have only its members. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. Credit union as a consumer cooperative operates on the principles of equality of all its members.
Credit Union Location in Wood River, Illinois
Wood River, Illinois have 1 agent Credit Union location in your country. All country.
Credit unions also differ from the traditional consumer cooperatives. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members.
| Agent | Contacts |
|---|---|
| Shell Community Federal Credit Union, Wood River |
101 Lakin Blvd Wood River, IL 62095
Phone: (618) 254-0605 Routing number: 00091 |
The main advantage of credit unions consists in transparency, controllability, governance for shareholders. As of the January 1, 2012 the national associations and confederations unite more than 196 million members participating in the 51,013 credit unions in 100 countries. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. 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. Credit union as a consumer cooperative operates on the principles of equality of all its members.
- Western Union money transfer agent location in Alabama, Opelika
- Western Union money transfer agent location in California, Monterey
- Western Union money transfer agent location in Illinois, Gibson City
- Western Union money transfer agent location in Michigan, Hastings
- Western Union money transfer agent location in Michigan, Rockford
- Western Union money transfer agent location in New York, Rochester
- Western Union money transfer agent location in Ohio, Dayton
- Western Union money transfer agent location in Ohio, Wilberforce