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. 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. Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Credit union as a consumer cooperative operates on the principles of equality of all its members.
Name | Contacts | Info |
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Plattsburgh City School District Federal Credit Union |
49 Broad Street Suite 101 Plattsburgh, NY 12901 | Phone: (518) 561-4510 Routing number: 12873 Charter number: 221379235 |