Money transfer agent locations

Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions. 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. Fund of Mutual Financial Aid of the credit union can be extended by sponsorship contributions from businesses, organizations, including on a returnable basis. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. Credit unions also differ from the traditional consumer cooperatives. 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. Credit union as a consumer cooperative operates on the principles of equality of all its members.


Credit Union Location in New Hampshire

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. Fund of Mutual Financial Aid of the credit union can be extended by sponsorship contributions from businesses, organizations, including on a returnable basis. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.


Select your city for


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. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union.