Money transfer agent locations

The right to use the services of the credit union have only its members. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit.


Credit Union Location in Oklahoma

At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU.


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When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. 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). Credit union as a consumer cooperative operates on the principles of equality of all its members. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. 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.