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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. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee.


Credit Union Location in New Cumberland, Pennsylvania

Credit Union

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

Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee.

Agent Contacts
New Cumberland Federal Credit Union, New Cumberland 345 Lewisberry Road New Cumberland, PA 17070

Phone: (717) 774-7706
Routing number: 08110
Charter number: 231382555


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Historically, credit unions were preceded by widespread development of credit cooperation in many countries of Europe and America. The first credit union in the United States was founded in 1909. by the group of Franco-American Catholics in Manchester, New Hampshire, and was called "Cooperative Credit Association of St. Mary. " 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. Credit unions of the open type are still controlled by their members, but at the same time provide services to people who are not its members (external customers). Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. 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.