Credit Union Location in Rockville, Maryland

Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union. Unlike banks credit unions limit their activities to a closed circle of people.

Credit Union Location in Rockville, Maryland

Rockville, Maryland have 8 agent Credit Union location in your country. All country.

To reduce the risk of default on loans members of the credit union shall the joint guarantee. In the credit union compensation for use of the loan (interest) is a source of compensation for savings.

Agent	Contacts
Capital Area Realtors Federal Credit Union, Rockville	105-A W. Edmonston Drive Rockville, MD 20852 Phone: (240) 314-0734 Routing number: 20543 Charter number: 255077639
Capital Area Taiwanese Federal Credit Union, Rockville	4827 Hornbeam Drive Rockville, MD 20853 Phone: (301) 924-0546 Routing number: 22652
Energy Federal Credit Union, Rockville	5 Choke Cherry Rd Rm 110 Rockville, MD 20850 Phone: (301) 670-1300 Routing number: 05631 Charter number: 254075454
Fedfinancial Federal Credit Union, Rockville	5600 Fishers Ln 5b-26 Rockville, MD 20857 Phone: (301) 881-5626 Routing number: 00216 Charter number: 255077901
Montgomery County Employees Federal Credit Union, Rockville	19785 Crystal Rock Dr Suite 201 Germantown, MD 20874 Phone: (301) 528-8421 Routing number: 18917 Charter number: 255077891
Montgomery County Teachers Federal Credit Union, Rockville	15901 Frederick Road Derwood, MD 20855 Phone: (301) 948-9880 Routing number: 06808 Charter number: 255077888
National Institutes Of Health Federal Credit Union, Rockville	111 Rockville Pike Ste 500 Rockville, MD 20850 Phone: (301) 718-0208 Routing number: 03601 Charter number: 255076944
Realtors Credit Union, Rockville	9707 Key West Ave #201 Rockville, MD 20850 Phone: (301) 355-7540 Routing number: 24806

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. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. 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 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. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. The relationship of shareholders with credit union are not client-based, they are co-operative, based on different principles and standards, in particular, on the principles of the law of obligations. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. 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. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee. 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.