Like any financial institution, credit unions have the financial resources. To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. 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.
Credit Union Location in Latham, New York
Latham, New York have 2 agent Credit Union location in your country. All country.
To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions.
| Agent | Contacts |
|---|---|
| Community Resource Federal Credit Union, Latham |
20 Wade Rd. Latham, NY 12110
Phone: (518) 783-2211 Routing number: 00770 Charter number: 221373338 |
| Sunmark Federal Credit Union, Latham |
1187 Troy Schenectady Road Latham, NY 12110
Phone: (518) 382-2597 Routing number: 01884 Charter number: 221379824 |
The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. Credit unions of the open type are still controlled by their members, but at the same time provide services to people who are not its members (external customers). In the credit union compensation for use of the loan (interest) is a source of compensation for savings. 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. 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.