Money transfer agent locations

Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. 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. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. Corporate alliances are intermediaries between credit unions and financial markets. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. 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. In 1908. the spread of credit unions has reached the United States. In 1935 President Roosevelt signed the state Charter on credit unions, which became a law.


Credit Union Location in New Hampshire

Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. 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.


Select your city for


The right to use the services of the credit union have only its members. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. Like any financial institution, credit unions have the financial resources. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its 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. Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth.