Credit Union Location in Yonkers, New York

Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. Taking a decision to join a credit union, citizens create an organization through which they participate in the shared savings by mutual crediting and joint (collective) use of personal savings. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. Corporate alliances are intermediaries between credit unions and financial markets.

Credit Union Location in Yonkers, New York

Yonkers, New York have 6 agent Credit Union location in your country. All country.

The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress.

Agent	Contacts
B E T Federal Credit Union, Yonkers	111 St Johns Ave Yonkers, NY 10704 Phone: (914) 963-1554 Routing number: 03653 Charter number: 221974122
Consumers Union Employees Federal Credit Union, Yonkers	101 Truman Avenue Yonkers, NY 10703 Phone: (914) 378-2214 Routing number: 08702
Messiah Baptist Federal Credit Union, Yonkers	76 Warburton Avenue Yonkers, NY 10701 Phone: (914) 969-2281 Routing number: 17245 Charter number: 221981225
Suma Yonkers Federal Credit Union, Yonkers	125 Corporate Blvd Yonkers, NY 10701 Phone: (914) 220-4900 Routing number: 16360 Charter number: 221981254
Yonkers Postal Employees Credit Union, Yonkers	79-81 Main St Rm 201 Yonkers, NY 10702 Phone: (914) 423-7628 Routing number: 63918 Charter number: 221981267
Yonkers Teachers Federal Credit Union, Yonkers	1061 North Broadway Yonkers, NY 10701 Phone: (914) 376-7088 Routing number: 02819 Charter number: 221981270

Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. 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. 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. 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. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee. 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.