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.). To reduce the risk of default on loans members of the credit union shall the joint guarantee. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. 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. The right to use the services of the credit union have only its members. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members.
Credit Union Location in Breaux Bridge, Louisiana
Breaux Bridge, Louisiana have 1 agent Credit Union location in your country. All country.
To reduce the risk of default on loans members of the credit union shall the joint guarantee. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU.
| Agent | Contacts |
|---|---|
| S M P E Federal Credit Union, Breaux Bridge |
111 Courville Street Breaux Bridge, LA 70517
Phone: (337) 332-3283 Routing number: 14225 Charter number: 265273261 |
First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision. 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.