Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Membership in the credit union forms responsible citizens and conscientious attitude to their obligations as a norm of behavior, identify the value of a decent man's reputation in the business turnover. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Unlike banks credit unions limit their activities to a closed circle of people. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.
Credit Union Location in Miamisburg, Ohio
Miamisburg, Ohio have 2 agent Credit Union location in your country. All country.
The main advantage of credit unions consists in transparency, controllability, governance for shareholders. 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 |
|---|---|
| Paxar Federal Credit Union, Miamisburg |
170 Monarch Lane Miamisburg, OH 45342
Phone: (937) 865-2274 Routing number: 01489 Charter number: 242278043 |
| River Valley Credit Union, Miamisburg |
505 Earl Blvd Miamisburg, OH 45342
Phone: (937) 859-6260 Routing number: 68475 Charter number: 242278713 |
Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. 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. In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. 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. 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. 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. Historically, credit unions have grown from the experience of credit cooperatives, but they took the experience of organizations of mutual aid of citizens by moving methods of social self-protection from labor and toward consumption. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies.
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