Membership in the credit union is voluntary and is open to all citizens bound by with joint work or residence, who wished to create a credit union to use its services and are willing to take on relevant commitments and responsibilities. In recent decades, many credit unions began to resort to such form of service as Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. First central bank of credit unions appeared in 1876. Credit unions began to appear rapidly in many European countries. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Credit union as a consumer cooperative operates on the principles of equality of all its members.
Credit Union Location in Opelousas, Louisiana
Opelousas, Louisiana have 1 agent Credit Union location in your country. All country.
In recent decades, many credit unions began to resort to such form of service as First central bank of credit unions appeared in 1876. Credit unions began to appear rapidly in many European countries.
| Agent | Contacts |
|---|---|
| St. Landry Parish Federal Credit Union, Opelousas |
705 Melancon Street Opelousas, LA 70570
Phone: (337) 948-3280 Routing number: 15261 Charter number: 265276433 |
Typically, donor contributions to the credit unions are targeted and used in the same statutory requirements and restrictions as the Mutual Financial Aid fund as a whole. Like any financial institution, credit unions have the financial resources. 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. Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. 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. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments.