Credit Union Location in Salisbury, Maryland

Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. Unlike banks credit unions limit their activities to a closed circle of people.

Credit Union Location in Salisbury, Maryland

Salisbury, Maryland have 4 agent Credit Union location in your country. All country.

Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees.

Agent	Contacts
Bee Federal Credit Union, Salisbury	1414 S. Division Street Salisbury, MD 21804 Phone: (410) 548-9351 Routing number: 09893 Charter number: 252177956
Delmarva Power Southern Division Federal Credit Union, Salisbury	2530 N. Salisbury Blvd Salisbury, MD 21801 Phone: (410) 860-6290 Routing number: 21167 Charter number: 252177684
Dor Wic Federal Credit Union, Salisbury	816 E Salisbury Pkwy Salisbury, MD 21802 Phone: (410) 543-0466 Routing number: 09585 Charter number: 252177927
Peninsula General Hospital & Medical Center Employees Federal Credit Union, Salisbury	100 E Carroll St Salisbury, MD 21801 Phone: (410) 543-7230 Routing number: 23125

Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services. 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. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate.