Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services. Corporate alliances are intermediaries between credit unions and financial markets.
Name | Contacts | Info |
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Autoclave Erie Federal Credit Union |
2820 West 23rd Street Erie, PA 16506 | Phone: (814) 836-1952 Routing number: 11303 Charter number: 243380671 |