Credit Union Location in Muncie, Indiana

Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. 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 main advantage of credit unions consists in transparency, controllability, governance for shareholders. 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. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. 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 - one of the most attractive financial institutions for the public being a non-profit alternative to banks.

Credit Union Location in Muncie, Indiana

Muncie, Indiana have 7 agent Credit Union location in your country. All country.

Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. 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.

Agent	Contacts
Ball State Federal Credit Union, Muncie	2900 N Oakwood Ave Muncie, IN 47304 Phone: (765) 741-2728 Routing number: 11103
First County Federal Credit Union, Muncie	1100 W 11th Street Muncie, IN 47302 Phone: (765) 284-3471 Routing number: 14163
Industrial Centre Federal Credit Union, Muncie	4501 S Delaware Drive Muncie, IN 47302 Phone: (765) 284-1015 Routing number: 03631
Muncie Federal Credit Union, Muncie	5400 N Wheeling Ave Muncie, IN 47304 Phone: (765) 284-7667 Routing number: 00339
Muncie Post Office Credit Union, Muncie	501 W. Memorial Dr. Muncie, IN 47302 Phone: (765) 282-1309 Routing number: 82785
Munseetown Community Federal Credit Union, Muncie	1805 N Elm Street Muncie, IN 47303 Phone: (765) 282-2236 Routing number: 15738
Wge Federal Credit Union, Muncie	3700 W Bethel Avenue Muncie, IN 47304 Phone: (765) 289-2148 Routing number: 00489

National Credit Union Administration (NCUA) - an independent federal agency, based in Washington (State of Columbia), established by the U.S. Congress to oversee the federal credit union system. 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. In recent decades, many credit unions began to resort to such form of service as 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. 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. In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments. 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 cooperatives and credit unions exist in many different forms. The main differences relate to the nature of the membership and the opening of a credit institution. 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. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.