Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. 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. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Credit union services are available only to its shareholders. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Taking a decision to join a credit union, citizens create an organization through which they participate in the shared savings by mutual crediting and joint (collective) use of personal savings. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.
Credit Union Location in Altoona, Pennsylvania
Altoona, Pennsylvania have 9 agent Credit Union location in your country. All country.
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.
| Agent | Contacts |
|---|---|
| A.B. Federal Credit Union, Altoona |
871 30th Street Altoona, PA 16601
Phone: (814) 944-4025 Routing number: 14879 Charter number: 231379238 |
| Altoona Area Employees Federal Credit Union, Altoona |
908 Pleasant Valley Blvd Altoona, PA 16602
Phone: (814) 942-5431 Routing number: 23753 Charter number: 231388656 |
| Altoona Regional Health System Federal Credit Union, Altoona |
620 Howard Ave Altoona, PA 16601
Phone: (814) 889-2670 Routing number: 20378 Charter number: 231379254 |
| Altoona Va Hospital Federal Credit Union, Altoona |
2907 Pleasant Valley Blvd Room 9 Altoona, PA 166024305
Phone: (814) 946-0726 Routing number: 07339 Charter number: 231379283 |
| American Pride Credit Union, Altoona |
1431 Valley View Blvd Altoona, PA 16602
Phone: (814) 946-3045 Routing number: 60389 Charter number: 231379270 |
| Arc Federal Credit Union, Altoona |
1919 Seventh Avenue Altoona, PA 16602
Phone: (814) 946-0857 Routing number: 11304 Charter number: 231379306 |
| Blair County Federal Credit Union, Altoona |
3001 Sixth Avenue Altoona, PA 16602
Phone: (814) 944-2821 Routing number: 08831 Charter number: 231379322 |
| Gasco Eastern District Federal Credit Union, Altoona |
616 S Cambria Street Bellwood, PA 16617
Phone: (814) 742-8801 Routing number: 16673 Charter number: 231379319 |
| Your Choice Federal Credit Union, Altoona |
109 Keystone Street Altoona, PA 16602
Phone: (814) 946-1294 Routing number: 11972 Charter number: 231379225 |
Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). In 1908. the spread of credit unions has reached the United States. In 1935 President Roosevelt signed the state Charter on credit unions, which became a law. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members. The relationship of shareholders with credit union are not client-based, they are co-operative, based on different principles and standards, in particular, on the principles of the law of obligations. As of the January 1, 2012 the national associations and confederations unite more than 196 million members participating in the 51,013 credit unions in 100 countries. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.