To get a loan in the credit union a shareholder must be not only a formally adopted there, but necessary pay in cash contributions, the amount and order of payment of which approved by the General Assembly and fixed by the charter. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. 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. 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. 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 right to use the services of the credit union have only its members. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.
Credit Union Location in Allentown, Pennsylvania
Allentown, Pennsylvania have 10 agent Credit Union location in your country. All country.
The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. 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.
| Agent | Contacts |
|---|---|
| Allentown Federal Credit Union, Allentown |
1325 Oxford Dr Allentown, PA 18103
Phone: (610) 791-0119 Routing number: 10015 Charter number: 231379005 |
| Apci Federal Credit Union, Allentown |
7201 Hamilton Boulevard Allentown, PA 18195
Phone: (800) 821-5104 Routing number: 09607 Charter number: 231379034 |
| B. Braun Federal Credit Union, Allentown |
901 Marcon Blvd Allentown, PA 18109
Phone: (610) 596-2399 Routing number: 23725 Charter number: 231388410 |
| First Class Federal Credit Union, Allentown |
510 Business Park Lane Allentown, PA 18109
Phone: (610) 439-4102 Routing number: 00062 Charter number: 231379539 |
| First Commonwealth Federal Credit Union, Allentown |
257 Brodhead Rd Bethlehem, PA 180178938
Phone: (610) 821-2400 Routing number: 12765 Charter number: 231379199 |
| Lehigh County Employees Federal Credit Union, Allentown |
455 Hamilton Street Allentown, PA 18101
Phone: (610) 782-3318 Routing number: 16746 Charter number: 231379076 |
| Lehigh Valley Educators Credit Union, Allentown |
3720 Hamilton Blvd Allentown, PA 18103
Phone: (610) 820-0145 Routing number: 64606 Charter number: 231378996 |
| Lehigh Valley Federal Credit Union, Allentown |
2218 Walbert Avenue Allentown, PA 181041439
Phone: (610) 435-7575 Routing number: 09083 Charter number: 231378983 |
| People First Federal Credit Union, Allentown |
2141 Downyflake Lane Allentown, PA 181034774
Phone: (610) 797-7440 Routing number: 06885 Charter number: 231379115 |
| Pp&L G.O.L.D. Credit Union, Allentown |
4703 Hamilton Blvd Allentown, PA 18103
Phone: (484) 223-4200 Routing number: 64884 Charter number: 231379131 |
Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations.