Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. The right to use the services of the credit union have only its members.
Shawnee, Oklahoma have 2 agent Credit Union location in your country. All country.
Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. The right to use the services of the credit union have only its members.
Agent | Contacts |
---|---|
Bison Federal Credit Union, Shawnee |
2 W Macarthur Shawnee, OK 74804
Phone: (405) 275-5014 Routing number: 07149 |
Tri-County Federal Credit Union, Shawnee |
Tri-County Federal Credit Union 201 N. Bell Ave. Suite 112 Shawnee, OK 74801
Phone: (405) 273-6677 Routing number: 03718 |
Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. 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. 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.