Credit Union Location in White Oak, Texas

National Credit Union Administration (NCUA) - an independent federal agency, based in Washington (State of Columbia), established by the U.S. Congress to oversee the federal credit union system. 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. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. Credit unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services.

Credit Union Location in White Oak, Texas

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

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. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America.

Agent	Contacts
Longview Federal Credit Union, White Oak	108 Carmon Ct White Oak, TX 75693 Phone: (903) 297-4522 Routing number: 01130

Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. 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. Taking a decision to join a credit union, citizens create an organization through which they participate in the shared savings by mutual crediting and joint (collective) use of personal savings. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. 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. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.