Like any financial institution, credit unions have the financial resources. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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. Credit union services are available only to its shareholders. 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. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.
Credit Union Location in Houston, Texas
Houston, Texas have 73 agent Credit Union location in your country. All country.
First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Credit union services are available only to its shareholders.
| Agent | Contacts |
|---|---|
| Transtar Federal Credit Union, Houston |
12930 Northwest Freeway Houston, TX 77040
Phone: (832) 201-0190 Routing number: 07482 |
| Union Fidelity Federal Credit Union, Houston |
1415 North Loop W #110 Houston, TX 77008
Phone: (713) 869-9053 Routing number: 15049 |
| United Savers Trust Credit Union, Houston |
14165 Northwest Freeway Houston, TX 77040
Phone: (713) 462-2553 Routing number: 67588 |
In recent decades, many credit unions began to resort to such form of service as Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. 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. All the members of the credit union, regardless of gender, ethnicity, religious and political beliefs, as well as the size of the monetary share have equal rights. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. 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. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. 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.