Money transfer agent locations

Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. 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. 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. " In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine.


Credit Union Location in Louisiana

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. 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. " To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.


Select your city for


First central bank of credit unions appeared in 1876. Credit unions began to appear rapidly in many European countries. Credit cooperatives and credit unions exist in many different forms. The main differences relate to the nature of the membership and the opening of a credit institution. As of the January 1, 2012 the national associations and confederations unite more than 196 million members participating in the 51,013 credit unions in 100 countries. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. 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. 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. The main advantage of credit unions consists in transparency, controllability, governance for shareholders.