To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. 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. " Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. 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. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. 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 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. 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. Corporate alliances are intermediaries between credit unions and financial markets.
Logan, Utah have 4 agent Credit Union location in your country. All country.
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. " Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type.
Agent | Contacts |
---|---|
Employees First Credit Union, Logan |
885 N 600 W Logan, UT 84321
Phone: (435) 752-8175 Routing number: 67064 |
Logan City Employees Credit Union, Logan |
550 N Main Suite 213 Logan, UT 84321
Phone: (435) 752-2102 Routing number: 67161 |
Logan Medical Federal Credit Union, Logan |
500 E 1400 N Logan, UT 84341
Phone: (435) 716-5392 Routing number: 14571 |
Usu Charter Federal Credit Union, Logan |
198 N Main St Logan, UT 84321
Phone: (435) 753-4080 Routing number: 24677 |
To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). Credit unions also differ from the traditional consumer cooperatives. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. 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.