Credit union services are available only to its shareholders. 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 unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit.
Credit Union Location in Hixson, Tennessee
Hixson, Tennessee have 1 agent Credit Union location in your country. All country.
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. The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit.
| Agent | Contacts |
|---|---|
| Dupont Community Credit Union, Hixson |
4503 Hixson Pike Hixson, TN 37343
Phone: (423) 875-6955 Routing number: 67747 Charter number: 261388325 |
Like any financial institution, credit unions have the financial resources. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. Credit union services are available only to its shareholders. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. As of the January 1, 2012 the national associations and confederations unite more than 196 million members participating in the 51,013 credit unions in 100 countries. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.).