Credit Union Location in Ludington, Michigan

In 1908. the spread of credit unions has reached the United States. In 1935 President Roosevelt signed the state Charter on credit unions, which became a law. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit 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. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members. 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. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. The right to use the services of the credit union have only its members. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union.

Credit Union Location in Ludington, Michigan

Ludington, Michigan have 3 agent Credit Union location in your country. All country.

Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members.

Agent	Contacts
Jackson Vibrators Employees Credit Union, Ludington	200 S. Jackson Rd Ludington, MI 49431 Phone: 231-843-3431 ext. 6237 Routing number: 62286 Charter number: 272482524
Mason County School Employees Credit Union, Ludington	809 E. Tinkham Avenue Ludington, MI 49431 Phone: (231) 843-4066 Routing number: 61696 Charter number: 272482553
Safe Harbor Credit Union, Ludington	1200 E Tinkham Ave Ludington, MI 49431 Phone: (231) 843-2323 Routing number: 61988 Charter number: 272482511

The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. All the members of the credit union, regardless of gender, ethnicity, religious and political beliefs, as well as the size of the monetary share have equal rights. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services. 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.