Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. All the members of the credit union, regardless of gender, ethnicity, religious and political beliefs, as well as the size of the monetary share have equal rights. 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. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations.
Reading, Pennsylvania have 5 agent Credit Union location in your country. All country.
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.
Agent | Contacts |
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Barta-Berks Community Federal Credit Union, Reading |
Barta-Berks Community Federal Credit Union 1049 Exeter Street Reading, PA 19604
Phone: (610) 921-9361 Routing number: 05594 Charter number: 231385617 |
Ctce Federal Credit Union, Reading |
2101 Centre Avenue Reading, PA 19602
Phone: (610) 376-6639 Routing number: 20138 Charter number: 231385400 |
Pagoda Federal Credit Union, Reading |
833 Washington Street Reading, PA 19601
Phone: (610) 373-3840 Routing number: 15532 Charter number: 231385604 |
Reading Berks School Employees Credit Union, Reading |
2120 Hampden Blvd Reading, PA 19604
Phone: (610) 921-1003 Routing number: 60392 Charter number: 231385549 |
Riverfront Federal Credit Union, Reading |
430 S 4th Street Reading, PA 19602
Phone: (610) 374-8351 Routing number: 05856 Charter number: 231385536 |
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. Typically, donor contributions to the credit unions are targeted and used in the same statutory requirements and restrictions as the Mutual Financial Aid fund as a whole. Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings. Credit union services are available only to its shareholders. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars Credit cooperatives and credit unions exist in many different forms. The main differences relate to the nature of the membership and the opening of a credit institution. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.