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. The right to use the services of the credit union have only its members. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Like any financial institution, credit unions have the financial resources. The first credit union in the United States was founded in 1909. by the group of Franco-American Catholics in Manchester, New Hampshire, and was called "Cooperative Credit Association of St. Mary. " Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union. To get a loan in the credit union a shareholder must be not only a formally adopted there, but necessary pay in cash contributions, the amount and order of payment of which approved by the General Assembly and fixed by the charter.
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In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Like any financial institution, credit unions have the financial resources. The right to use the services of the credit union have only its members.