Credit Union Location in Baltimore, Maryland

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. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. 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. 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 unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.).

Credit Union Location in Baltimore, Maryland

Baltimore, Maryland have 24 agent Credit Union location in your country. All country.

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. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union.

Agent	Contacts
American Hammered Federal Credit Union, Baltimore	1600 Wicomico Street Baltimore, MD 21230 Phone: (410) 547-7681 Routing number: 05661 Charter number: 252075663
Baltimore Pipe Trades Federal Credit Union, Baltimore	7830 Philadelphia Road Baltimore, MD 21237 Phone: (410) 866-3761 Routing number: 14445 Charter number: 252076552
Central Credit Union Of Maryland Credit Union, Baltimore	8501 Lasalle Road Baltimore, MD 21286 Phone: (410) 828-4500 Routing number: 66340 Charter number: 252075870
Destinations Credit Union, Baltimore	8767 Satyr Hill Road Baltimore, MD 21234 Phone: (410) 663-2500 Routing number: 66333 Charter number: 252076442
First Eagle Federal Credit Union, Baltimore	600 Red Brook Blvd Suite 350 Owings Mills, MD 21117 Phone: (443) 548-8008 Routing number: 10958 Charter number: 252075977
Healthcare United Federal Credit Union, Baltimore	6701 N Charles Street Baltimore, MD 21204 Phone: (443) 849-2064 Routing number: 20924 Charter number: 252076044
Johns Hopkins Federal Credit Union, Baltimore	2027 E Monument St Baltimore, MD 21287 Phone: (410) 534-4500 Routing number: 20623 Charter number: 252076235
Lm Federal Credit Union, Baltimore	101 Chesapeake Park Plaza Baltimore, MD 21220 Phone: (410) 687-5240 Routing number: 06039 Charter number: 252076390
Local 355 Md Federal Credit Union, Baltimore	1030 S. Dukeland St Baltimore, MD 21223 Phone: (410) 566-5700 Routing number: 14815 Charter number: 252076329
Members First Credit Union, Baltimore	535 Dundalk Avenue Baltimore, MD 21224 Phone: (410) 633-8850 Routing number: 66367 Charter number: 252076701

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Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union. 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. Unlike banks credit unions limit their activities to a closed circle of people.