Credit Union Location in Missoula, Montana

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. Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. 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. Members of credit unions place in credit unions usually free fund balances, ie those that remain after expenses devoted to education of children, the acquisition of new properties, additional pension benefits, etc. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.

Credit Union Location in Missoula, Montana

Missoula, Montana have 6 agent Credit Union location in your country. All country.

Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. 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.

Agent	Contacts
Gateway Community Federal Credit Union, Missoula	2300 Great Northern Ave Missoula, MT 59808-1678 Phone: (406) 728-4475 Routing number: 18983
M M Employees Federal Credit Union, Missoula	2000 S Russell St Ste 6 Missoula, MT 59801 Phone: (406) 541-6628 Routing number: 02211
Missoula Federal Credit Union, Missoula	3600 Brooks St Missoula, MT 59801 Phone: (406) 523-3300 Routing number: 11300
Montana Educators Credit Union, Missoula	2000 S Russell Street Missoula, MT 59801 Phone: (406) 728-1034 Routing number: 68190
Montana First Credit Union, Missoula	2330 S Reserve St Missoula, MT 59801 Phone: (406) 728-1790 Routing number: 63237
St. Pats Employees Federal Credit Union, Missoula	500 West Broadway Missoula, MT 59802 Phone: (406) 329-5665 Routing number: 19017

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. Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision.