Like any financial institution, credit unions have the financial resources. The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Credit unions also differ from the traditional consumer cooperatives. The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. Share contributions are transferred to the credit union on the basis of membership for the whole stay of a shareholder as member of the credit union and are the basis of membership. To reduce the risk of default on loans members of the credit union shall the joint guarantee. 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. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. Credit union as a consumer cooperative operates on the principles of equality of all its members.
Credit Union Location in Perkinston, Mississippi
Perkinston, Mississippi have 1 agent Credit Union location in your country. All country.
The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter.
| Agent | Contacts |
|---|---|
| Junior College Federal Credit Union, Perkinston |
51 Main Street Perkinston, MS 39573
Phone: (601) 528-8918 Routing number: 18989 Charter number: 265378027 |
To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. 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). 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. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others.
- Western Union money transfer agent location in Connecticut, New Haven
- Western Union money transfer agent location in Connecticut, Putnam
- Western Union money transfer agent location in Hawaii, Pepeekeo
- Western Union money transfer agent location in Kansas, Mcpherson
- Western Union money transfer agent location in Mississippi, Aberdeen
- Western Union money transfer agent location in Pennsylvania, Titusville
- Western Union money transfer agent location in South Dakota, Sioux Falls