Credit Union Location in Deptford, New Jersey

First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. Credit union as a consumer cooperative operates on the principles of equality of all its members. 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 Deptford, New Jersey

Deptford, New Jersey have 1 agent Credit Union location in your country. All country.

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. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations.

Agent	Contacts
South Jersey Federal Credit Union, Deptford	1615 Hurffville Road Deptford, NJ 08096 Phone: (856) 232-9000 Routing number: 03951 Charter number: 236077755

Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). 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. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union. Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties. 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.