Credit Union Location in Uniontown, Pennsylvania

Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade unions. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. 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. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.

Credit Union Location in Uniontown, Pennsylvania

Uniontown, Pennsylvania have 3 agent Credit Union location in your country. All country.

The uniqueness of credit unions is that they put together the principles and benefits of financial cooperatives, consumer cooperatives and mutual aid funds, born once by trade 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
Fayette County School Employees Credit Union, Uniontown	193 Edison Street Uniontown, PA 15401 Phone: (724) 438-9019 Routing number: 61515 Charter number: 243385139
Fayette Federal Employees Federal Credit Union, Uniontown	364 Morgantown St Uniontown, PA 15401 Phone: (724) 438-3070 Routing number: 10690 Charter number: 243385142
Frick Tri-County Federal Credit Union, Uniontown	Frick Tri-County Federal Credit Union 235 Pittsburgh Street Uniontown, PA 15401 Phone: (724) 438-5123 Routing number: 14775 Charter number: 243385155

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. Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.