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. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. 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. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit.
Credit Union Location in West Monroe, Louisiana
West Monroe, Louisiana have 3 agent Credit Union location in your country. All country.
Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members.
| Agent | Contacts |
|---|---|
| Forest Kraft Federal Credit Union, West Monroe |
1091 Thomas Road West Monroe, LA 71292
Phone: (318) 340-9656 Routing number: 01982 |
| Ouachita Valley Federal Credit Union, West Monroe |
1420 Natchitoches St West Monroe, LA 71292
Phone: (318) 387-4592 Routing number: 10181 |
| West Monroe Federal Credit Union, West Monroe |
211 Cypress West Monroe, LA 71291
Phone: (318) 387-2896 Routing number: 22527 |
In the U.S., credit unions have a clear organizational structure. All credit unions belong to one or the other parent credit union (there are 35 of them in the U.S.). Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.
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