Credit Union Location in Keokuk, Iowa

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.). Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. Historically, credit unions have grown from the experience of credit cooperatives, but they took the experience of organizations of mutual aid of citizens by moving methods of social self-protection from labor and toward consumption. 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. 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. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.

Credit Union Location in Keokuk, Iowa

Keokuk, Iowa have 5 agent Credit Union location in your country. All country.

Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. 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.

Agent	Contacts
K.E.M. Credit Union, Keokuk	13 South 5th Street Keokuk, IA 52632 Phone: (319) 524-9553 Routing number: 63881
Kah Credit Union, Keokuk	1600 Morgan Keokuk, IA 52632 Phone: (319) 524-7150 Routing number: 65391
Leeco Credit Union, Keokuk	123 Boulevard Rd Suite 5 Keokuk, IA 52632 Phone: (319) 524-4346 Routing number: 61393
S E C U Credit Union, Keokuk	3200 Main Street Keokuk, IA 52632 Phone: 319-524-4560 ext. 388 Routing number: 64269
The Hub-Co Credit Union, Keokuk	The Hub-Co Credit Union 310 Bank St Keokuk, IA 52632 Phone: (319) 524-8133 Routing number: 60678

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. 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. Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. 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. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. 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.