Typically, donor contributions to the credit unions are targeted and used in the same statutory requirements and restrictions as the Mutual Financial Aid fund as a whole. To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. 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. 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. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. 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. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. Credit union as a consumer cooperative operates on the principles of equality of all its members.
Credit Union Location in Milwaukie, Oregon
Milwaukie, Oregon have 4 agent Credit Union location in your country. All country.
To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. 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.
| Agent | Contacts |
|---|---|
| Advantis Credit Union, Milwaukie |
10501 S.e. Main Street Milwaukie, OR 97222
Phone: (503) 785-2528 Routing number: 62659 |
| Clackamas Community Federal Credit Union, Milwaukie |
18600 Se Mcloughlin Blvd Milwaukie, OR 97267
Phone: (503) 656-0671 Routing number: 11793 |
| Cutting Edge Federal Credit Union, Milwaukie |
4620 Se International Way #105 Milwaukie, OR 97222
Phone: (503) 653-4392 Routing number: 08317 |
| Providence Health System Federal Credit Union, Milwaukie |
6400 SE Lake Rd. Ste 125 Milwaukie, OR 97222
Phone: (503) 215-6090 Routing number: 19522 |
In the U.S., credit unions have a clear organizational structure. All credit unions belong to one or the other parent credit union (there are 35 of them in the U.S.). Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. The right to use the services of the credit union have only its members. Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders.