Credit Union Location in Bay City, Michigan

Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. As of the January 1, 2012 the national associations and confederations unite more than 196 million members participating in the 51,013 credit unions in 100 countries. On the consumer credit market in the U.S. credit unions are on the third place after the commercial banks and finance companies and are ahead of savings institutions, not taking into account the loans on real estate. The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit.

Credit Union Location in Bay City, Michigan

Bay City, Michigan have 4 agent Credit Union location in your country. All country.

Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. On the consumer credit market in the U.S. credit unions are on the third place after the commercial banks and finance companies and are ahead of savings institutions, not taking into account the loans on real estate.

Agent	Contacts
Credit Union Plus Credit Union, Bay City	415 Washington Avenue Bay City, MI 48708 Phone: (989) 893-2831 Routing number: 61296 Charter number: 272476912
Financialedge Community Credit Union, Bay City	1199 S Euclid Ave Bay City, MI 48706 Phone: (989) 892-6088 Routing number: 61619 Charter number: 272476844
Sunrise Family Credit Union, Bay City	404 S. Euclid Bay City, MI 48706 Phone: (989) 684-1730 Routing number: 61995 Charter number: 272476983
United Bay Community Credit Union, Bay City	1309 N. Lincoln Avenue Bay City, MI 48708 Phone: (989) 892-4597 Routing number: 61186 Charter number: 272476996

Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). In recent decades, many credit unions began to resort to such form of service as 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. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type.