Credit Union Location in Jericho, New York

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 attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. 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. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. 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. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. Historically, credit unions have grown from the experience of credit cooperatives, but they took the experience of organizations of mutual aid of citizens by moving methods of social self-protection from labor and toward consumption.

Credit Union Location in Jericho, New York

Jericho, New York have 2 agent Credit Union location in your country. All country.

Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services.

Agent	Contacts
Irish Air Lines Federal Credit Union, Jericho	300 Jericho Quadrangle Suite 130 Jericho, NY 11753 Phone: (516) 622-4049 Routing number: 14697 Charter number: 226077794
North Shore Lij Health System Federal Credit Union, Jericho	350 Jericho Turnpike Jericho, NY 11753 Phone: (516) 301-3040 Routing number: 20941 Charter number: 221476442

Typically, donor contributions to the credit unions are targeted and used in the same statutory requirements and restrictions as the Mutual Financial Aid fund as a whole. Like any financial institution, credit unions have the financial resources. 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. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. The right to use the services of the credit union have only its members. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.