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Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars 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. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate. Unlike banks credit unions limit their activities to a closed circle of people. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. 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. Corporate alliances are intermediaries between credit unions and financial markets. Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). 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.


Credit Union Location in Brenham, Texas

Credit Union

Brenham, Texas have 1 agent Credit Union location in your country. All country.

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. Unlike banks credit unions limit their activities to a closed circle of people.

Agent Contacts
Germania Credit Union, Brenham 507 Highway 290 East Brenham, TX 77833

Phone: (979) 830-7505
Routing number: 66857


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Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. At the organization of the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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. 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. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine.