In 1908. the spread of credit unions has reached the United States. In 1935 President Roosevelt signed the state Charter on credit unions, which became a law. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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. 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. Corporate alliances are intermediaries between credit unions and financial markets.
Credit Union Location in Staten Island, New York
Staten Island, New York have 2 agent Credit Union location in your country. All country.
First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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.
| Agent | Contacts |
|---|---|
| Division 726 Federal Credit Union, Staten Island |
4886 Arthur Kill Rd Staten Island, NY 10309
Phone: 718-356-1616 ext. 105 Routing number: 20336 Charter number: 226079967 |
| Medical Employees Of Staten Island Federal Credit Union, Staten Island |
355 Bard Ave Staten Island, NY 10310
Phone: (718) 876-2721 Routing number: 12546 Charter number: 226079941 |
National Credit Union Administration (NCUA) - an independent federal agency, based in Washington (State of Columbia), established by the U.S. Congress to oversee the federal credit union system. 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. The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Credit union services are available only to its shareholders. 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. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union.