Credit Union Location in Wickliffe, Kentucky

Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Credit unions also differ from the traditional consumer cooperatives. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.

Credit Union Location in Wickliffe, Kentucky

Wickliffe, Kentucky have 1 agent Credit Union location in your country. All country.

To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. Credit unions also differ from the traditional consumer cooperatives.

Agent	Contacts
Wickiffe Paper Mill Federal Credit Union, Wickliffe	451 Court Street Wickliffe, KY 42087 Phone: (270) 335-3868 Routing number: 20218

Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Credit unions also differ from the traditional consumer cooperatives. 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. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee. 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.