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 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. To reduce the risk of default on loans members of the credit union shall the joint guarantee. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars Credit union as a consumer cooperative operates on the principles of equality of all its members.
Credit Union Location in Jackson, Ohio
Jackson, Ohio have 1 agent Credit Union location in your country. All country.
Credit unions also differ from the traditional consumer cooperatives. To reduce the risk of default on loans members of the credit union shall the joint guarantee.
| Agent | Contacts |
|---|---|
| J C S Employees Federal Credit Union, Jackson |
85 Gay Street Jackson, OH 45640
Phone: (740) 286-6061 Routing number: 12296 Charter number: 244279189 |
Historically, credit unions were preceded by widespread development of credit cooperation in many countries of Europe and America. Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). 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 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 difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. 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. As of the January 1, 2012 the national associations and confederations unite more than 196 million members participating in the 51,013 credit unions in 100 countries. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. 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.
- Western Union money transfer agent location in Alabama, Tuscaloosa
- Western Union money transfer agent location in Massachusetts, Fall River
- Western Union money transfer agent location in Mississippi, Biloxi
- Western Union money transfer agent location in Montana, Butte
- Western Union money transfer agent location in Texas, Pasadrena
- Western Union money transfer agent location in Texas, Plains
- Western Union money transfer agent location in Washington, Shelton