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. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.
Credit Union Location in Somerville, Massachusetts
Somerville, Massachusetts have 6 agent Credit Union location in your country. All country.
Credit unions also differ from the traditional consumer cooperatives. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.
| Agent | Contacts |
|---|---|
| Cambridge Portuguese Credit Union, Somerville |
493 Somerville Avenue Somerville, MA 02143
Phone: 617-547-3144 ext. 3116 Routing number: 68046 Charter number: 211381673 |
| Members Plus Credit Union, Somerville |
29 High Street Medford, MA 02155
Phone: (781) 905-1500 Routing number: 66706 Charter number: 211080709 |
| Somerville Hospital Employees Federal Credit Union, Somerville |
125 Lowell Street School Of Nursing Building Somerville, MA 02143
Phone: (617) 591-6709 Routing number: 17679 Charter number: 211385640 |
| Somerville Mass Firefighters Federal Credit Union, Somerville |
266 Broadway Somerville, MA 02145
Phone: (617) 625-6935 Routing number: 00943 Charter number: 211385637 |
| Somerville Municipal Federal Credit Union, Somerville |
236 Holland St Somerville, MA 02144
Phone: (617) 625-0898 Routing number: 04524 Charter number: 211385653 |
| Somerville School Employees Federal Credit Union, Somerville |
100 Highland Ave Somerville, MA 02143
Phone: (617) 625-8411 Routing number: 03475 Charter number: 211386238 |
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. 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. Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. 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. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Corporate alliances are intermediaries between credit unions and financial markets.
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