Credit Union Location in Scranton, Pennsylvania

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. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit.

Credit Union Location in Scranton, Pennsylvania

Scranton, Pennsylvania have 9 agent Credit Union location in your country. All country.

Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union.

Agent	Contacts
Cmc-Fcpi Employees Federal Credit Union, Scranton	Cmc-Fcpi Employees Federal Credit Union 1716 Linden Street Scranton, PA 18510 Phone: (570) 348-2140 Routing number: 22174 Charter number: 231388274
First Credit Union Of Scranton Credit Union, Scranton	605 Davis Street Scranton, PA 18505 Phone: (570) 961-8953 Routing number: 60641 Charter number: 231385976
Intext Employees Federal Credit Union, Scranton	925 Oak St Scranton, PA 18515 Phone: (570) 961-4006 Routing number: 19329 Charter number: 231380421
Net Federal Credit Union, Scranton	920 Oak Street Scranton, PA 18508 Phone: (570) 961-5300 Routing number: 04792 Charter number: 231385918
Penn East Federal Credit Union, Scranton	441 N 7th Ave Scranton, PA 18503 Phone: (570) 342-2720 Routing number: 02742 Charter number: 231385950
S A M P Scranton Federal Credit Union, Scranton	815 Smith Street Scranton, PA 18504 Phone: (570) 342-6234 Routing number: 11647 Charter number: 231385934
Scranton Times Downtown Federal Credit Union, Scranton	129 Penn Avenue Scranton, PA 18503 Phone: (570) 348-9192 Routing number: 15591 Charter number: 231385989
Spojnia Credit Union, Scranton	1006 Pittston Ave Scranton, PA 18505 Phone: (570) 344-1513 Routing number: 62998 Charter number: 231385992
Tobyhanna Army Depot Federal Credit Union, Scranton	300 Mulberry St Scranton, PA 18503 Phone: (717) 894-8325 Fax (71 Routing number: 09198 Charter number: 231386331

First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. In the credit union compensation for use of the loan (interest) is a source of compensation for savings.