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. Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. The right to use the services of the credit union have only its members. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). 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.
Credit Union Location in Catawba, North Carolina
Catawba, North Carolina have 1 agent Credit Union location in your country. All country.
Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type.
| Agent | Contacts |
|---|---|
| Comm-Scope Credit Union, Catawba |
Comm-Scope Credit Union 6519 Commscope Road Catawba, NC 28609
Phone: (828) 241-6196 Routing number: 66856 |
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. Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. Credit unions also differ from the traditional consumer cooperatives. Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. 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. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.
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