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. Credit union services are available only to its shareholders. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. 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 as a consumer cooperative operates on the principles of equality of all its members.
Credit Union Location in Willoughby, Ohio
Willoughby, Ohio have 1 agent Credit Union location in your country. All country.
Credit union services are available only to its shareholders. 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.
| Agent | Contacts |
|---|---|
| Wes Credit Union, Willoughby |
38024 Second St. Willoughby, OH 44094
Phone: (440) 942-6981 Routing number: 61233 Charter number: 241283071 |
Fund of Mutual Financial Aid of the credit union can be extended by sponsorship contributions from businesses, organizations, including on a returnable basis. Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties. 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. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.).
- Western Union money transfer agent location in Maine, Dexter
- Western Union money transfer agent location in Massachusetts, Marlborough
- Western Union money transfer agent location in Michigan, Marquette
- Western Union money transfer agent location in New Mexico, Grants
- Western Union money transfer agent location in New York, Akron
- Western Union money transfer agent location in Ohio, Wilberforce
- Western Union money transfer agent location in Pennsylvania, Connellsville
- Western Union money transfer agent location in Vermont, Fairfield