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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. In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Credit union services are available only to its shareholders. 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. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type.


The Mount Lebanon Federal Credit Union, Credit Union Location Baltimore, Maryland


Name Contacts Info
The Mount Lebanon Federal Credit Union
2812 Reisterstown Road Baltimore, MD 21215 Phone: 410-225-0030 ext. 21215
Routing number: 20038
Charter number: 252076439
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