Fund of Mutual Financial Aid of the credit union can be extended by sponsorship contributions from businesses, organizations, including on a returnable basis. National Credit Union Administration (NCUA) - an independent federal agency, based in Washington (State of Columbia), established by the U.S. Congress to oversee the federal credit union system. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders.
Credit Union Location in Plymouth Meetin, Pennsylvania
Plymouth Meetin, Pennsylvania have 1 agent Credit Union location in your country. All country.
National Credit Union Administration (NCUA) - an independent federal agency, based in Washington (State of Columbia), established by the U.S. Congress to oversee the federal credit union system. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU.
| Agent | Contacts |
|---|---|
| U F C W Local 1776 Federal Credit Union, Plymouth Meetin |
3031 A Walton Road Suite 310 Plymouth Meeting, PA 19462
Phone: (610) 941-2604 Routing number: 15652 Charter number: 236084476 |
Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. 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. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision.
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