Credit Union Location in Waltham, Massachusetts

Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. 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. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. The relationship of shareholders with credit union are not client-based, they are co-operative, based on different principles and standards, in particular, on the principles of the law of obligations. Historically, credit unions have grown from the experience of credit cooperatives, but they took the experience of organizations of mutual aid of citizens by moving methods of social self-protection from labor and toward consumption. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. 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.

Credit Union Location in Waltham, Massachusetts

Waltham, Massachusetts have 4 agent Credit Union location in your country. All country.

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. The relationship of shareholders with credit union are not client-based, they are co-operative, based on different principles and standards, in particular, on the principles of the law of obligations.

Agent	Contacts
Artmet Federal Credit Union, Waltham	73 Pond Street Waltham, MA 02451 Phone: (781) 893-6800 Routing number: 07891 Charter number: 211386351
Energy Credit Union, Waltham	156 Spring Street West Roxbury, MA 02132 Phone: (617) 325-1999 Routing number: 66369 Charter number: 211083528
Rtn Federal Credit Union, Waltham	600 Main Street Waltham, MA 02452 Phone: (781) 736-9900 Routing number: 24311 Charter number: 211386445
Waltham Municipal Employees Credit Union, Waltham	177 Lexington Street Waltham, MA 02452 Phone: (781) 899-0506 Routing number: 67838 Charter number: 211386539

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). 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. Credit unions of the open type are still controlled by their members, but at the same time provide services to people who are not its members (external customers). 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.