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. 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. Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Credit unions also differ from the traditional consumer cooperatives. 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. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies. 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.
Baltimore, Maryland have 24 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. Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type.
Agent | Contacts |
---|---|
Mercy Hospital Of Maryland Employees Federal Credit Union, Baltimore |
321 Calvert Suite 100 Baltimore, MD 21202
Phone: (410) 332-9095 Routing number: 23576 |
Municipal Employees Credit Union, Baltimore |
7 E Redwood St Baltimore, MD 21202
Phone: (410) 752-8313 Routing number: 66787 Charter number: 252076468 |
Notre Dame 2901 Federal Credit Union, Baltimore |
201 Homeland Ave Baltimore, MD 21212
Phone: (410) 325-5095 Routing number: 12751 Charter number: 255078133 |
Oldham Family Alliance Federal Credit Union, Baltimore |
8601 Honeygo Blvd. Suite H Baltimore, MD 21236
Phone: (410) 931-3123 Routing number: 06644 Charter number: 252076808 |
Point Breeze Credit Union, Baltimore |
11104 Mccormick Road Hunt Valley, MD 21031
Phone: (410) 584-7228 Routing number: 66585 Charter number: 252076565 |
Post Office Credit Union Of Maryland, Inc., Baltimore |
900 E Fayette Street Suite 606 Baltimore, MD 21233
Phone: (410) 727-5469 Routing number: 95742 Charter number: 252076578 |
Relay Federal Credit Union, Baltimore |
1335 Linden Avenue Baltimore, MD 212272407
Phone: (410) 247-6086 Routing number: 01812 Charter number: 252076248 |
Securityplus Federal Credit Union, Baltimore |
1514 Woodlawn Drive Baltimore, MD 21207
Phone: (410) 965-8908 Routing number: 02769 Charter number: 252076714 |
Selfreliance Balto Federal Credit Union, Baltimore |
2345 Eastern Avenue Baltimore, MD 21224
Phone: (410) 327-9841 Routing number: 10511 Charter number: 252076646 |
St. Agnes Employees Federal Credit Union, Baltimore |
720 Maiden Choice Lane Unit E Baltimore, MD 21228
Phone: 410-368-3125 ext. 5 Routing number: 19668 Charter number: 252076727 |
The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. Credit union services are available only to its shareholders. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.