Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. 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 main advantage of credit unions consists in transparency, controllability, governance for shareholders. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine. 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 Slc, Utah
Slc, Utah have 1 agent Credit Union location in your country. All country.
When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Credit unions, like today's credit unions, emerged in the 19th century in Germany as a result of crop failure and famine.
| Agent | Contacts |
|---|---|
| St. Marks Employees Federal Credit Union, Slc |
1220 East 3900 South, Suite 2m Slc, UT 84124
Phone: (801) 268-7660 Routing number: 13419 |
Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). 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. Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. 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 union services are available only to its shareholders. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Corporate alliances are intermediaries between credit unions and financial markets.
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