Credit Union Location in Huntington, 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.). Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. 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. 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. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. Corporate alliances are intermediaries between credit unions and financial markets.

Credit Union Location in Huntington, Indiana

Huntington, Indiana have 4 agent Credit Union location in your country. All country.

Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. 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.

Agent	Contacts
Community Link Federal Credit Union, Huntington	325 Etna Avenue Huntington, IN 46750 Phone: (260) 356-6220 Routing number: 24770
Huntington County Federal Credit Union, Huntington	1885 Old Us Route 24 E Huntington, IN 46750 Phone: (260) 356-6400 Routing number: 16171
Huntington Schools Federal Credit Union, Huntington	621 Cherry Street Huntington, IN 46750 Phone: (260) 356-4456 Routing number: 15987
Our Sunday Visitor Employees Federal Credit Union, Huntington	232 E Washington St Huntington, IN 46750 Phone: (260) 358-0116 Routing number: 18857

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. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. 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. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.).