Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. 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. 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. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Unlike banks credit unions limit their activities to a closed circle of people.
Name | Contacts | Info |
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Reading Federal Credit Union |
2110 East Galbraith Road Cincinnati, OH 45237 | Phone: (513) 948-7778 Routing number: 21503 Charter number: 242077082 |