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Like any financial institution, credit unions have the financial resources. 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. Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central 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. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies.


Credit Union Location in Greencastle, Pennsylvania

Credit Union

Greencastle, Pennsylvania have 1 agent Credit Union location in your country. All country.

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. 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
Grove Community Federal Credit Union, Greencastle 11125 Bemisderfer Road Greencastle, PA 17225

Phone: (717) 597-3181
Routing number: 17797
Charter number: 231386030


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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. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate. Fund of Mutual Financial Aid of the credit union can be extended by sponsorship contributions from businesses, organizations, including on a returnable basis. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union.