Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. 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. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members.
Credit Union Location in Millersburg, Ohio
Millersburg, Ohio have 1 agent Credit Union location in your country. All country.
To reduce the risk of default on loans members of the credit union shall the joint guarantee. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members.
| Agent | Contacts |
|---|---|
| West Holmes School Employees C.U., Millersburg |
7434 TR 317 Millersburg, OH 44654
Phone: (330) 674-0159 Routing number: 96807 Charter number: 241280508 |
Membership in the credit union is voluntary and is open to all citizens bound by with joint work or residence, who wished to create a credit union to use its services and are willing to take on relevant commitments and responsibilities. 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. 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. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit 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 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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