Fund of Mutual Financial Aid of the credit union can be extended by sponsorship contributions from businesses, organizations, including on a returnable basis. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. 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. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. 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.
Name | Contacts | Info |
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Ibew Local Union 712 Federal Credit Union |
217 Sassafras Lane Beaver, PA 15009 | Phone: (724) 775-3044 Routing number: 16119 Charter number: 243379682 |