Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Credit unions also differ from the traditional consumer cooperatives. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations.
Name | Contacts | Info |
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Federal Reserve Boston Employees Federal Credit Union |
600 Atlantic Ave Boston, MA 02210 | Phone: (617) 973-3760 Routing number: 05256 Charter number: 211080880 |