Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine.
Credit Union Location in Taunton, Massachusetts
Taunton, Massachusetts have 2 agent Credit Union location in your country. All country.
The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine.
| Agent | Contacts |
|---|---|
| Morton Federal Credit Union, Taunton |
88 Washington Street Taunton, MA 02780
Phone: (508) 828-7036 Routing number: 24511 |
| Taunton Federal Credit Union, Taunton |
14 Church Green Taunton, MA 02780
Phone: (508) 824-6466 Routing number: 05602 Charter number: 211386115 |
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). When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies. The right to use the services of the credit union have only its members. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.).
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