Credit Union Location in Shreveport, Louisiana

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. 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. " 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. 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. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union. Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate.

Credit Union Location in Shreveport, Louisiana

Shreveport, Louisiana have 18 agent Credit Union location in your country. All country.

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. " 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.

Agent	Contacts
Shreveport Federal Credit Union, Shreveport	8530 Fern Avenue Shreveport, LA 71105 Phone: (318) 798-4061 Routing number: 11263
Shreveport Police Federal Credit Union, Shreveport	2750 Mackey Lane Shreveport, LA 71118 Phone: (318) 603-1966 Routing number: 06048
St. Josephs Broadmoor Federal Credit Union, Shreveport	3541 Youree Drive Shreveport, LA 71105 Phone: (318) 865-3584 Routing number: 08314
State Agencies Federal Credit Union, Shreveport	1525 Fairfield Avenue Suite 672 Shreveport, LA 71101 Phone: (318) 676-5113 Routing number: 08006
T.E.S. Regional Healthcare Federal Credit Union, Shreveport	2050 Line Ave Shreveport, LA 71104 Phone: (318) 681-4335 Routing number: 11671
Vac Federal Credit Union, Shreveport	8701 Business Park Drive Shreveport, LA 71105 Phone: (318) 524-0822 Routing number: 05379
Wesla Federal Credit Union, Shreveport	2921 Williamson Way Shreveport, LA 71118 Phone: (318) 687-8700 Routing number: 20749
Willis Knighton Federal Credit Union, Shreveport	8400 Mansfield Rd Shreveport, LA 71108 Phone: (318) 621-0605 Routing number: 08921

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Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Share contributions are transferred to the credit union on the basis of membership for the whole stay of a shareholder as member of the credit union and are the basis of membership. All the members of the credit union, regardless of gender, ethnicity, religious and political beliefs, as well as the size of the monetary share have equal rights. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. 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 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. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.