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Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders. 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. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. 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. "


Credit Union Location in Clarksburg, Maryland

Credit Union

Clarksburg, Maryland have 1 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. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively.

Agent Contacts
Comstar Federal Credit Union, Clarksburg 5210 Chairmans Ct Frederick, MD 21703

Phone: (855) 436-4100
Routing number: 16408
Charter number: 255074988


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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. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. 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. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. To get a loan in the credit union a shareholder must be not only a formally adopted there, but necessary pay in cash contributions, the amount and order of payment of which approved by the General Assembly and fixed by the charter.