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Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. 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.


Credit Union Location in New Augusta, Mississippi

Credit Union

New Augusta, Mississippi have 1 agent Credit Union location in your country. All country.

Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars 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.

Agent Contacts
Leaf River Federal Credit Union, New Augusta 201 Main Street New Augusta, MS 39462

Phone: (601) 964-8575
Routing number: 24208


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First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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. Membership in the credit union forms responsible citizens and conscientious attitude to their obligations as a norm of behavior, identify the value of a decent man's reputation in the business turnover. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type.