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. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. Credit union services are available only to its shareholders. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. 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.
Credit Union Location in Trenton, Michigan
Trenton, Michigan have 2 agent Credit Union location in your country. All country.
Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Credit union services are available only to its shareholders.
| Agent | Contacts |
|---|---|
| Metro Shores Credit Union, Trenton |
2360 W Jefferson Trenton, MI 48183
Phone: (734) 676-8666 Routing number: 61897 |
| Trenton Federal Credit Union, Trenton |
4550 Division Trenton, MI 48183
Phone: (734) 675-3100 Routing number: 08349 |
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. Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.
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