Credit Union Location in Livonia, Michigan

Typically, donor contributions to the credit unions are targeted and used in the same statutory requirements and restrictions as the Mutual Financial Aid fund as a whole. 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. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. Credit union services are available only to its shareholders. 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. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. The right to use the services of the credit union have only its members.

Credit Union Location in Livonia, Michigan

Livonia, Michigan have 5 agent Credit Union location in your country. All country.

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. Credit union services are available only to its shareholders.

Agent	Contacts
Catholic Parishes Federal Credit Union, Livonia	36111 Five Mile Rd Livonia, MI 48154 Phone: (734) 432-0212 Routing number: 08384 Charter number: 272482430
Co-Op Services Credit Union, Livonia	Co-Op Services Credit Union 29550 Five Mile Rd Livonia, MI 48154 Phone: (734) 522-3700 Routing number: 62426 Charter number: 272477694
Community Choice Credit Union, Livonia	31155 Northwestern Hwy Farmington Hills, MI 48334 Phone: (877) 243-2528 Routing number: 64880 Charter number: 272079021
Michigan Columbus Federal Credit Union, Livonia	30419 Six Mile Rd Livonia, MI 48152 Phone: (734) 425-5080 Routing number: 05554 Charter number: 272478842
Parkside Credit Union, Livonia	36525 Plymouth Rd Livonia, MI 48150 Phone: (734) 525-0700 Routing number: 61985 Charter number: 272482456

Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. 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. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee.