Fund of Mutual Financial Aid of the credit union can be extended by sponsorship contributions from businesses, organizations, including on a returnable basis. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. To reduce the risk of default on loans members of the credit union shall the joint guarantee. 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 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. On the consumer credit market in the U.S. credit unions are on the third place after the commercial banks and finance companies and are ahead of savings institutions, not taking into account the loans on real estate.
Credit Union Location in Stroudsburg, Pennsylvania
Stroudsburg, Pennsylvania have 1 agent Credit Union location in your country. All country.
Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. 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 |
|---|---|
| Ne Pa Community Federal Credit Union, Stroudsburg |
935 Clay Avenue Stroudsburg, PA 18360
Phone: (570) 421-5585 Routing number: 13458 Charter number: 231386221 |
Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. 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. 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.
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