Money transfer agent locations

The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Members of credit unions place in credit unions usually free fund balances, ie those that remain after expenses devoted to education of children, the acquisition of new properties, additional pension benefits, etc. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee. 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 Location in South Carolina

Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress.


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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. 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 union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Like any financial institution, credit unions have the financial resources. In the U.S., credit unions have a clear organizational structure. All credit unions belong to one or the other parent credit union (there are 35 of them in the U.S.). When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Corporate alliances are intermediaries between credit unions and financial markets.