Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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. As of the January 1, 2012 the national associations and confederations unite more than 196 million members participating in the 51,013 credit unions in 100 countries. 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. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. 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.
Name | Contacts | Info |
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N A E Federal Credit Union |
3601 Indian River Road Chesapeake, VA 23325 | Phone: (757) 410-2000 Routing number: 16706 Charter number: 251480288 |