Money transfer agent locations

Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Credit union as a consumer cooperative operates on the principles of equality of all its members.


Credit Union Location in Louisiana

Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit.


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Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. 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. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. 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. In 1908. the spread of credit unions has reached the United States. In 1935 President Roosevelt signed the state Charter on credit unions, which became a law.