Money transfer agent locations

Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. 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 relationship of shareholders with credit union are not client-based, they are co-operative, based on different principles and standards, in particular, on the principles of the law of obligations. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others.


Credit Union Location in Virginia

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 relationship of shareholders with credit union are not client-based, they are co-operative, based on different principles and standards, in particular, on the principles of the law of obligations. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit.


Select your city for


The right to use the services of the credit union have only its members. Credit unions are competitors of savings institutions, adding interest on deposits of members. This applies to the shares, as well as to additional funds transferred to the account in the credit union. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Typically, donor contributions to the credit unions are targeted and used in the same statutory requirements and restrictions as the Mutual Financial Aid fund as a whole. Unlike banks credit unions limit their activities to a closed circle of people. All the members of the credit union, regardless of gender, ethnicity, religious and political beliefs, as well as the size of the monetary share have equal rights. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds.