Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. 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. Credit unions perform the function of social protection in a vital for people sphere of financial services. They care about improving the financial literacy of the population, are working on the formation of their members and their employees. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Corporate alliances are intermediaries between credit unions and financial markets.
Credit Union Location in Murray, Utah
Murray, Utah have 1 agent Credit Union location in your country. All country.
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. In the UK, credit unions are a source of financing of people groups. This tool is not widely used.
| Agent | Contacts |
|---|---|
| Midvalley Federal Credit Union, Murray |
5296 Commerce Dr Suite 103 Murray, UT 84107
Phone: (801) 265-2111 Routing number: 06488 |
Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. 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. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. Corporate alliances are intermediaries between credit unions and financial markets.
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