Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings. 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). 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. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. 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 as a consumer cooperative operates on the principles of equality of all its members.
Arlington, Virginia have 8 agent Credit Union location in your country. All country.
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). The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks.
Agent | Contacts |
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Arlington Virginia Federal Credit Union, Arlington |
5666 Columbia Pike Falls Church, VA 22041
Phone: (703) 526-0200 Routing number: 07573 Charter number: 256078404 |
B N A Federal Credit Union, Arlington |
1801 S. Bell St Arlington, VA 22202
Phone: (703) 341-3044 Routing number: 05610 Charter number: 254074196 |
Patent And Trademark Office Federal Credit Union, Arlington |
501 Dulany St. Alexandria, VA 22314
Phone: (571) 272-0350 Routing number: 04936 Charter number: 256078433 |
Pentagon Federal Credit Union, Arlington |
111 S. George Mason Drive Arlington, VA 22204
Phone: (703) 838-1000 Routing number: 00227 Charter number: 256078446 |
Queen Of Peace Arlington Federal Credit Union, Arlington |
2700 S 19th St Arlington, VA 22204
Phone: (703) 521-8615 Routing number: 16172 Charter number: 256078459 |
St. Anns Arlington Federal Credit Union, Arlington |
5300 N. 10th Street Arlington, VA 22205
Phone: (703) 528-3434 Routing number: 06184 Charter number: 256078462 |
St. Thomas More Federal Credit Union, Arlington |
3901 Cathedral Lane Arlington, VA 22203
Phone: (703) 527-1828 Routing number: 20157 Charter number: 256078475 |
The Partnership Federal Credit Union, Arlington |
3503 N Fairfax Dr Arlington, VA 22226
Phone: (703) 562-6000 Routing number: 00118 Charter number: 254074536 |
Like any financial institution, credit unions have the financial resources. Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. 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. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Credit unions of the open type are still controlled by their members, but at the same time provide services to people who are not its members (external customers). On the consumer credit market in the U.S. credit unions are on the third place after the commercial banks and finance companies and are ahead of savings institutions, not taking into account the loans on real estate.