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First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.


Credit Union Location in Hammond, Louisiana

Credit Union

Hammond, Louisiana have 1 agent Credit Union location in your country. All country.

Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.).

Agent Contacts
District 62 Highway Federal Credit Union, Hammond 685 North Morrison Blv Hammond, LA 70401-2309

Phone: (985) 375-0146
Routing number: 14375
Charter number: 265474154


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Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. 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. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars