Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. 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. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members.
Credit Union Location in Tunkhannock, Pennsylvania
Tunkhannock, Pennsylvania have 2 agent Credit Union location in your country. All country.
Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America.
| Agent | Contacts |
|---|---|
| P & G Mehoopany Employees Federal Credit Union, Tunkhannock |
15 Lane Hill Rd Tunkhannock, PA 18657
Phone: (570) 836-3227 Routing number: 20861 Charter number: 231386373 |
| Wyoming County School Employees Federal Credit Union, Tunkhannock |
130 Bridge St Tunkhannock, PA 18657
Phone: (570) 836-4809 Routing number: 10846 Charter number: 231386386 |
Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union. 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. 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). To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.