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. " The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. All the members of the credit union, regardless of gender, ethnicity, religious and political beliefs, as well as the size of the monetary share have equal rights. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments.
Louisville, Kentucky have 25 agent Credit Union location in your country. All country.
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. " Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities.
Agent | Contacts |
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Msd Federal Credit Union, Louisville |
700 West Liberty Street Louisville, KY 40203
Phone: (502) 540-6213 Routing number: 20595 |
Park Community Federal Credit Union, Louisville |
6101 Fern Valley Rd Louisville, KY 40228
Phone: (502) 968-3681 Routing number: 10197 |
Rale Federal Credit Union, Louisville |
2827 Hale Avenue Louisville, KY 40211
Phone: (502) 772-7283 Routing number: 19581 |
Rural Cooperatives Credit Union, Louisville |
4515 Bishop Ln Louisville, KY 40218
Phone: (502) 451-2430 Routing number: 61693 |
Tarcana Credit Union, Louisville |
1000 W Broadway Louisville, KY 40203
Phone: 502-561-5150 ext. 0 Routing number: 61316 |
Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Unlike banks credit unions limit their activities to a closed circle of people.