Credit Union Location in Chester, Virginia

Like any financial institution, credit unions have the financial resources. 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. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Until the 70's there was a proliferation of the U.S. credit unions due to the increase of their number and the number of shareholders, although it must be acknowledged that there was also and a qualitative growth. 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. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments.

Credit Union Location in Chester, Virginia

Chester, Virginia have 2 agent Credit Union location in your country. All country.

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. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions.

Agent	Contacts
Dupont Fibers Federal Credit Union, Chester	11900 Chester Village Drive Chester, VA 23831 Phone: (804) 748-9488 Routing number: 24313
Peoples Advantage Federal Credit Union, Chester	110 Wagner Road Petersburg, VA 23805 Phone: (804) 748-3081 Routing number: 17464 Charter number: 251480851

The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. Unlike banks credit unions limit their activities to a closed circle of people.