Credit Union Location in Duluth, Minnesota

To get a loan in the credit union a shareholder must be not only a formally adopted there, but necessary pay in cash contributions, the amount and order of payment of which approved by the General Assembly and fixed by the charter. The first credit union in the United States was founded in 1909. by the group of Franco-American Catholics in Manchester, New Hampshire, and was called "Cooperative Credit Association of St. Mary. " Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. 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. 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. Corporate alliances are intermediaries between credit unions and financial markets.

Credit Union Location in Duluth, Minnesota

Duluth, Minnesota have 7 agent Credit Union location in your country. All country.

The first credit union in the United States was founded in 1909. by the group of Franco-American Catholics in Manchester, New Hampshire, and was called "Cooperative Credit Association of St. Mary. " Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union.

Agent	Contacts
Duluth Fire Department Credit Union, Duluth	602 W 2nd Street Duluth, MN 55802 Phone: (218) 723-8357 Routing number: 60750
Duluth Police Department Employees Credit Union, Duluth	411 West 1st Street Duluth, MN 55802 Phone: (218) 730-5140 Routing number: 64359
Duluth Teachers Credit Union, Duluth	11 West 2nd St Duluth, MN 55802 Phone: (218) 722-9242 Routing number: 60207
Minnesota Power Employees Credit Union, Duluth	30 West Superior Street Duluth, MN 55802 Phone: (218) 336-1800 Routing number: 60377
Northern Communities Credit Union, Duluth	3311 West Arrowhead Road Duluth, MN 55811 Phone: (218) 279-3200 Routing number: 64655
Northern Pacific Duluth Federal Credit Union, Duluth	202 S 26th Ave W Duluth, MN 55806 Phone: (218) 722-2720 Routing number: 01856
Share Advantage Credit Union, Duluth	2502 Maple Grove Rd Duluth, MN 55811 Phone: (218) 740-2221 Routing number: 60242

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. 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. 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. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars 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. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). 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 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.