Credit Union Location in Gary, Indiana

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.). Like any financial institution, credit unions have the financial resources. 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. Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. 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. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. The right to use the services of the credit union have only its members. The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit.

Credit Union Location in Gary, Indiana

Gary, Indiana have 5 agent Credit Union location in your country. All country.

Like any financial institution, credit unions have the financial resources. Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth.

Agent	Contacts
Gary Firefighters Association Federal Credit Union, Gary	200 E 5th Ave Gary, IN 46402 Phone: (219) 881-5252 Routing number: 00169 Charter number: 271990813
Gary Municipal Employees Federal Credit Union, Gary	401 Broadway Room B1 Gary, IN 46402 Phone: (219) 881-1320 Routing number: 16126 Charter number: 271990839
Gary Police Department Employees Federal Credit Union, Gary	555 Polk Street Suite # 2017 Gary, IN 46402 Phone: (219) 881-4774 Routing number: 03251 Charter number: 271990842
L.C. School Employees Federal Credit Union, Gary	3730 Grant Street Gary, IN 464082143 Phone: (219) 887-5213 Routing number: 00158 Charter number: 271990907
St. Monica Federal Credit Union, Gary	645 Rhode Island St Gary, IN 46402 Phone: (219) 883-1861 Routing number: 08295 Charter number: 271990981

The main advantage of credit unions consists in transparency, controllability, governance for shareholders. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate.