Historically, credit unions were preceded by widespread development of credit cooperation in many countries of Europe and America. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties. 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. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. 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. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.
Credit Union Location in Houston, Texas
Houston, Texas have 73 agent Credit Union location in your country. All country.
Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties.
| Agent | Contacts |
|---|---|
| National Oilwell Varco Employees Credit Union, Houston |
9724 Beechnut St Houston, TX 77036
Phone: (713) 634-3471 Routing number: 67570 |
| Nizari Progressive Federal Credit Union, Houston |
12808 W Airport Blvd Ste 230 Sugar Land, TX 77478-6185
Phone: (281) 921-8520 Routing number: 24384 |
| Northeast Houston Federal Credit Union, Houston |
6010 Little York Rd Houston, TX 77026
Phone: (713) 636-4302 Routing number: 10777 |
| O.C.T. Houston Federal Credit Union, Houston |
1777 Gears Rd Houston, TX 77067
Phone: (281) 591-4323 Routing number: 06083 |
| Oak Farms Employees Credit Union, Houston |
3430 Leeland St Houston, TX 77003
Phone: (713) 547-7118 Routing number: 67624 |
| Our Mother Of Mercy Parish Houston Federal Credit Union, Houston |
4000 Sumpter St Houston, TX 77020
Phone: (713) 675-3000 Routing number: 17067 |
| P.I.E. Credit Union, Houston |
12320 S. Main Houston, TX 77035
Phone: (713) 551-0494 Routing number: 66582 |
| Peoples Trust Federal Credit Union, Houston |
777 Walker Street #2400 Houston, TX 77002
Phone: (713) 428-3200 Routing number: 00177 |
| Pioneer Muslim Credit Union, Houston |
1521 Lake Pointe Pkwy Sugar Land, TX 77478
Phone: (281) 566-8000 Routing number: 24818 |
| Plus4 Credit Union, Houston |
9998 Almeda Genoa Houston, TX 77075
Phone: (713) 970-9200 Routing number: 61457 |
Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. 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. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Members of credit unions place in credit unions usually free fund balances, ie those that remain after expenses devoted to education of children, the acquisition of new properties, additional pension benefits, etc. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. 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.