Money transfer agent locations

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. 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. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine.


Credit Union Location in Kansas

When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. 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.


Select your city for


Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars 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. 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. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Credit union as a consumer cooperative operates on the principles of equality of all its members.