Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Credit unions also differ from the traditional consumer cooperatives. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. To reduce the risk of default on loans members of the credit union shall the joint guarantee. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 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 Location in Atlantic City, New Jersey
Atlantic City, New Jersey have 1 agent Credit Union location in your country. All country.
Credit unions also differ from the traditional consumer cooperatives. To reduce the risk of default on loans members of the credit union shall the joint guarantee.
| Agent | Contacts |
|---|---|
| Atlantic City Police Federal Credit Union, Atlantic City |
2715 Atlantic Ave Atlantic City, NJ 08401
Phone: (609) 348-5905 Routing number: 03420 Charter number: 231277372 |
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. Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Membership in the credit union forms responsible citizens and conscientious attitude to their obligations as a norm of behavior, identify the value of a decent man's reputation in the business turnover. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services.
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