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 services are available only to its shareholders. 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. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. 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.
Credit Union Location in Oxon Hill, Maryland
Oxon Hill, Maryland have 1 agent Credit Union location in your country. All country.
Credit union services are available only to its shareholders. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine.
| Agent | Contacts |
|---|---|
| N R L Federal Credit Union, Oxon Hill |
6009 Oxon Hill Road Suite 300 Oxon Hill, MD 20745
Phone: (301) 839-8400 Routing number: 05380 Charter number: 254075043 |
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. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. Share contributions are transferred to the credit union on the basis of membership for the whole stay of a shareholder as member of the credit union and are the basis of membership. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the 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.
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