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International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. The relationship between credit unions and shareholders arise from the membership and are not customer relationship. In recent decades, many credit unions began to resort to such form of service as To get a loan in the credit union a shareholder must be not only a formally adopted there, but necessary pay in cash contributions, the amount and order of payment of which approved by the General Assembly and fixed by the charter.


Credit Union Location in Texas

The relationship between credit unions and shareholders arise from the membership and are not customer relationship. In recent decades, many credit unions began to resort to such form of service as Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds.


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To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. 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. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. The first credit union in the United States was founded in 1909. by the group of Franco-American Catholics in Manchester, New Hampshire, and was called "Cooperative Credit Association of St. Mary. " The relationship between credit unions and shareholders arise from the membership and are not customer relationship. 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.