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. Credit union services are available only to its shareholders. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.
Credit Union Location in Waterford, Michigan
Waterford, Michigan have 3 agent Credit Union location in your country. All country.
Credit union services are available only to its shareholders. In the credit union compensation for use of the loan (interest) is a source of compensation for savings.
| Agent | Contacts |
|---|---|
| Bestsource Credit Union, Waterford |
1054 W Huron St Waterford, MI 48328
Phone: (800) 666-4500 Routing number: 60150 Charter number: 272078679 |
| Metro North Federal Credit Union, Waterford |
4594 Pontiac Lake Road Waterford, MI 48328
Phone: (248) 674-0491 Routing number: 07604 |
| Oakland County Credit Union, Waterford |
1375 N. Oakland Blvd Waterford, MI 48327
Phone: (248) 886-0144 Routing number: 61522 |
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. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Taking a decision to join a credit union, citizens create an organization through which they participate in the shared savings by mutual crediting and joint (collective) use of personal savings. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU.