Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. Credit unions also differ from the traditional consumer cooperatives. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Corporate alliances are intermediaries between credit unions and financial markets.
Credit Union Location in Picatinny, New Jersey
Picatinny, New Jersey have 1 agent Credit Union location in your country. All country.
Credit unions also differ from the traditional consumer cooperatives. In the UK, credit unions are a source of financing of people groups. This tool is not widely used.
| Agent | Contacts |
|---|---|
| Defense Logistics Federal Credit Union, Picatinny |
Ardec Bldg 1 Picatinny Ars, NJ 078065000
Phone: (973) 724-8290 Routing number: 13169 Charter number: 221278527 |
Historically, credit unions were preceded by widespread development of credit cooperation in many countries of Europe and America. 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. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders.
- Western Union money transfer agent location in Arizona, Tempe
- Western Union money transfer agent location in California, Hollywood
- Western Union money transfer agent location in New Jersey, Edison
- Western Union money transfer agent location in Oregon, North Bend
- Western Union money transfer agent location in Vermont, Montpelier
- Western Union money transfer agent location in Virginia, Glen Allen