Credit Union Location in Plymouth, Michigan

National Credit Union Administration (NCUA) - an independent federal agency, based in Washington (State of Columbia), established by the U.S. Congress to oversee the federal credit union system. At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Credit union services are available only to its shareholders. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. 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. 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.

Credit Union Location in Plymouth, Michigan

Plymouth, Michigan have 2 agent Credit Union location in your country. All country.

At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative.

Agent	Contacts
Community Financial Members Federal Credit Union, Plymouth	500 S Harvey Plymouth, MI 48170 Phone: (734) 453-1200 Routing number: 07275
Michigan Educational Credit Union, Plymouth	9200 Haggerty Road Plymouth, MI 48170 Phone: (734) 455-9200 Routing number: 60931 Charter number: 272482508

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. Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. 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). In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks.