Money transfer agent locations

Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. 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. 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. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. 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. Corporate alliances are intermediaries between credit unions and financial markets.


Credit Union Location in Parsippany, New Jersey

Credit Union

Parsippany, New Jersey have 2 agent Credit Union location in your country. All country.

The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. 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.

Agent Contacts
Garden Savings Federal Credit Union, Parsippany 129 Littleton Road Parsippany, NJ 07054

Phone: (973) 576-2000
Routing number: 18710
Charter number: 221278954
Jersey Trades Federal Credit Union, Parsippany 205 Cherry Hill Road Parsippany, NJ 07054

Phone: (973) 263-0001
Routing number: 21244
Charter number: 221277816


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Credit unions also differ from the traditional consumer cooperatives. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. Share contributions are transferred to the credit union on the basis of membership for the whole stay of a shareholder as member of the credit union and are the basis of membership. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. Taking a decision to join a credit union, citizens create an organization through which they participate in the shared savings by mutual crediting and joint (collective) use of personal savings. 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.