Credit Union Location in Hunt Valley, Maryland

The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. 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. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks.

Credit Union Location in Hunt Valley, Maryland

Hunt Valley, Maryland have 1 agent Credit Union location in your country. All country.

Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks.

Agent	Contacts
Atlantic Financial Federal Credit Union, Hunt Valley	40 Schilling Road Hunt Valley, MD 21031 Phone: (410) 584-7474 Routing number: 06652 Charter number: 252075744

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. 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. 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. 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. 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. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.