Credit Union Location in Long Island Cit, New York

When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars The right to use the services of the credit union have only its members. 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. 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.

Credit Union Location in Long Island Cit, New York

Long Island Cit, New York have 2 agent Credit Union location in your country. All country.

Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars

Agent	Contacts
Last Federal Credit Union, Long Island Cit	43-22 Van Dam Street Long Island City, NY 11101 Phone: 718-937-6677 ext. 130 Routing number: 23317
Long Island City Postal Employees Federal Credit Union, Long Island Cit	4602 21 Street Basement Long Island City, NY 11101 Phone: (718) 786-3991 Routing number: 00075 Charter number: 226076368

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 also differ from the traditional consumer cooperatives. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. 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. To reduce the risk of default on loans members of the credit union shall the joint guarantee. 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. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). 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. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.