International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their 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. Unlike banks credit unions limit their activities to a closed circle of people.
Atlantic, Iowa have 1 agent Credit Union location in your country. All country.
The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. 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.
Agent | Contacts |
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Nishna Valley Credit Union, Atlantic |
200 Maple Street Atlantic, IA 50022
Phone: 712-243-6645 ext. 203 Routing number: 60046 |
Fund of Mutual Financial Aid of the credit union can be extended by sponsorship contributions from businesses, organizations, including on a returnable basis. 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.). 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. Credit unions of the open type are still controlled by their members, but at the same time provide services to people who are not its members (external customers). Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services. 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. Unlike banks credit unions limit their activities to a closed circle of people. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.