Credit Union Location in Akron, Ohio

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. 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. 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. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate.

Credit Union Location in Akron, Ohio

Akron, Ohio have 15 agent Credit Union location in your country. All country.

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. 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.

Agent	Contacts
Med/Pro Federal Credit Union, Akron	1174 Battles Ave. Akron, OH 44314 Phone: (330) 848-6066 Routing number: 05643 Charter number: 241273188
St. Pauls Parish Federal Credit Union, Akron	1762 Brown Street Akron, OH 44301 Phone: (330) 724-5183 Routing number: 08301 Charter number: 241273447
Summit Federal Credit Union, Akron	100 Wheeler St. Akron, OH 44311 Phone: (330) 376-3626 Routing number: 07182 Charter number: 241273463
TeleCommunity Credit Union, Akron	2500 N Turkeyfoot Rd Akron, OH 44319 Phone: (330) 645-2700 Routing number: 95062 Charter number: 241273133
Towpath Credit Union, Akron	2969 Smith Rd Fairlawn, OH 44333 Phone: (330) 664-4700 Routing number: 96658 Charter number: 241273120

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In the U.S., credit unions have a clear organizational structure. All credit unions belong to one or the other parent credit union (there are 35 of them in the U.S.). To get a loan in the credit union a shareholder must be not only a formally adopted there, but necessary pay in cash contributions, the amount and order of payment of which approved by the General Assembly and fixed by the charter. Like any financial institution, credit unions have the financial resources. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. To reduce the risk of default on loans members of the credit union shall the joint guarantee. In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments. 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. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.