Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. 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 relationship between credit unions and shareholders arise from the membership and are not customer relationship. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.
Credit Union Location in Springfield, Tennessee
Springfield, 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. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.
| Agent | Contacts |
|---|---|
| Credit Union For Robertson County Credit Union, Springfield |
2416 Memorial Blvd Springfield, TN 37172
Phone: (615) 382-8255 Routing number: 67741 Charter number: 264181590 |
The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Share contributions are transferred to the credit union on the basis of membership for the whole stay of a shareholder as member of the credit union and are the basis of membership. Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth. Credit unions of the open type are still controlled by their members, but at the same time provide services to people who are not its members (external customers). Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Unlike banks credit unions limit their activities to a closed circle of people.
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