Money transfer agent locations

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. 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. 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. 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. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type.


Credit Union Location in Pickens, South Carolina

Credit Union

Pickens, South Carolina have 1 agent Credit Union location in your country. All country.

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. 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.

Agent Contacts
Pickens Federal Credit Union, Pickens 2111 Gentry Memorial Highway Pickens, SC 29671

Phone: (864) 898-5009
Routing number: 14169
Charter number: 253279617


Send money

Credit cooperatives and credit unions exist in many different forms. The main differences relate to the nature of the membership and the opening of a credit institution. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. 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. 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. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others.