To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. 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. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. 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. 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 Indianapolis, Indiana
Indianapolis, Indiana have 23 agent Credit Union location in your country. All country.
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.
| Agent | Contacts |
|---|---|
| All Seasons Federal Credit Union, Indianapolis |
7310 W Morris St Indianapolis, IN 46231
Phone: (317) 240-5106 Routing number: 19505 |
| Clarian Federal Credit Union, Indianapolis |
1515 N. Senate Ave Indianapolis, IN 46206
Phone: (317) 962-8413 Routing number: 20793 |
| Double Eleven Credit Union, Indianapolis |
445 S. Post Rd Indianapolis, IN 46219
Phone: (317) 869-1111 Routing number: 61606 |
| Eli Lilly Federal Credit Union, Indianapolis |
225 S East Street Suite 300 Indianapolis, IN 46202
Phone: (317) 276-2105 Routing number: 22468 |
| Energy Plus Credit Union, Indianapolis |
1230 W Morris Street Indianapolis, IN 46221
Phone: (317) 261-8521 Routing number: 65458 |
| Finance Center Federal Credit Union, Indianapolis |
7101 E 56th St Indianapolis, IN 46226
Phone: (317) 916-7700 Routing number: 08594 |
| Firefighters Credit Union, Indianapolis |
501 N New Jersey Street Indianapolis, IN 46204
Phone: (317) 636-5581 Routing number: 97052 |
| H A L E Federal Credit Union, Indianapolis |
700 N. Pennsylvania St Indianapolis, IN 46204
Phone: (317) 630-1341 Routing number: 10778 |
| Harvester Financial Credit Union, Indianapolis |
7020 Brookville Road Indianapolis, IN 46239
Phone: (317) 352-0455 Routing number: 68584 |
| Hoosier Farm Bureau Credit Union, Indianapolis |
225 South East St Indianapolis, IN 46202
Phone: (317) 692-7607 Routing number: 67648 |
Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. 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. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Members of credit unions place in credit unions usually free fund balances, ie those that remain after expenses devoted to education of children, the acquisition of new properties, additional pension benefits, etc. The relationship of shareholders with credit union are not client-based, they are co-operative, based on different principles and standards, in particular, on the principles of the law of obligations. 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. 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.