Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Credit unions of the open type are still controlled by their members, but at the same time provide services to people who are not its members (external customers). In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks.
Augusta, Maine have 4 agent Credit Union location in your country. All country.
At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. In the credit union compensation for use of the loan (interest) is a source of compensation for savings.
Agent | Contacts |
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Capital Area Federal Credit Union, Augusta |
2010 North Belfast Avenue Augusta, ME 04330
Phone: (207) 622-3442 Routing number: 09919 Charter number: 211287324 |
K V Federal Credit Union, Augusta |
316 West River Rd Augusta, ME 04330
Phone: (207) 623-5171 Routing number: 15328 Charter number: 211287366 |
Maine Education Credit Union, Augusta |
15 University Drive Augusta, ME 04330
Phone: (207) 623-3857 Routing number: 62976 Charter number: 211287353 |
Maine State Credit Union, Augusta |
200 Capitol Street Augusta, ME 04330
Phone: (207) 623-1851 Routing number: 63377 Charter number: 211287340 |
Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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. 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. Historically, credit unions have grown from the experience of credit cooperatives, but they took the experience of organizations of mutual aid of citizens by moving methods of social self-protection from labor and toward consumption. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit. Credit union as a consumer cooperative operates on the principles of equality of all 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.