Credit Union Location in Elizabeth, New Jersey

Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). 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. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. 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. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.

Credit Union Location in Elizabeth, New Jersey

Elizabeth, New Jersey have 6 agent Credit Union location in your country. All country.

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. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars.

Agent	Contacts
Elizabeth (N.J.) Firemens Federal Credit Union, Elizabeth	411 Irvington Ave Elizabeth, NJ 07208 Phone: (908) 351-7770 Routing number: 00916 Charter number: 221275481
Elizabeth Police Department E Federal Credit Union, Elizabeth	1 Police Plaza Elizabeth, NJ 07201 Phone: (908) 558-2085 Routing number: 03356 Charter number: 221275517
Elizabeth Postal Employees Credit Union, Elizabeth	310 N. Broad St. Elizabeth, NJ 07207 Phone: (908) 289-5846 Routing number: 66160 Charter number: 221275494
Seaport Federal Credit Union, Elizabeth	5080 Mclester St Elizabeth, NJ 07201 Phone: (908) 558-6124 Routing number: 19185 Charter number: 221275533
Union County Employees Federal Credit Union, Elizabeth	2 Broad Street 3rd Floor Elizabeth, NJ 07201 Phone: (908) 527-4014 Routing number: 14329 Charter number: 221275630
Wakefern Federal Credit Union, Elizabeth	600 York St Elizabeth, NJ 07207 Phone: (908) 527-3749 Routing number: 15016 Charter number: 221275643

In the U.S., credit unions have a clear organizational structure. All credit unions belong to one or the other parent credit union (there are 35 of them in the U.S.). 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. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.