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.). 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. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Credit union services are available only to its shareholders. 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.
Elizabethton, Tennessee have 2 agent Credit Union location in your country. All country.
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 union services are available only to its shareholders.
Agent | Contacts |
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Happy Valley Credit Union, Elizabethton |
210 East C Street Elizabethton, TN 37643
Phone: (423) 542-6078 Routing number: 68097 Charter number: 264278843 |
Northeast Community Credit Union, Elizabethton |
980 Jason Witten Way Elizabethton, TN 37643
Phone: (423) 547-3820 Routing number: 67021 Charter number: 264278827 |
Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. 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.