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. 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. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. 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 Union Location in Hampton, New Hampshire
Hampton, New Hampshire have 1 agent Credit Union location in your country. All country.
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. In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments.
| Agent | Contacts |
|---|---|
| Seacoast Credit Union, Hampton |
887 Lafayette Road Hampton, NH 03842
Phone: (603) 926-5653 Routing number: 68211 Charter number: 211489229 |
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). Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their 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. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks.
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