Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars Like any financial institution, credit unions have the financial resources. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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. The main advantage of credit unions consists in transparency, controllability, governance for shareholders.
When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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. Like any financial institution, credit unions have the financial resources.