Membership in the credit union is voluntary and is open to all citizens bound by with joint work or residence, who wished to create a credit union to use its services and are willing to take on relevant commitments and responsibilities. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). Taking a decision to join a credit union, citizens create an organization through which they participate in the shared savings by mutual crediting and joint (collective) use of personal savings. Credit union as a consumer cooperative operates on the principles of equality of all its members. Corporate alliances are intermediaries between credit unions and financial markets.
Credit Union Location in Suitland, Maryland
Suitland, Maryland have 2 agent Credit Union location in your country. All country.
Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Taking a decision to join a credit union, citizens create an organization through which they participate in the shared savings by mutual crediting and joint (collective) use of personal savings.
| Agent | Contacts |
|---|---|
| Andrews Federal Credit Union, Suitland |
5711 Allentown Rd Suitland, MD 20746
Phone: (301) 702-5500 Routing number: 05754 Charter number: 255074111 |
| None Suffer Lack Federal Credit Union, Suitland |
4710 Auth Place Suite G-1 Suitland, MD 20746
Phone: (301) 899-0300 Routing number: 24657 |
Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. 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. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Unlike banks credit unions limit their activities to a closed circle of people.
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