Credit Union Location in Virginia Beach, Virginia

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. 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. Important specifics of creating a credit union - an initiative order of organization: people do not receive any instructions, orders or regulations, the unification into a credit union occurs by their will and decision. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Credit cooperatives and credit unions exist in many different forms. The main differences relate to the nature of the membership and the opening of a credit institution.

Credit Union Location in Virginia Beach, Virginia

Virginia Beach, Virginia have 9 agent Credit Union location in your country. All country.

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. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others.

Agent	Contacts
Abnb Federal Credit Union, Virginia Beach	830 Greenbrier Circle Virginia Beach, VA 23455 Phone: (757) 523-5300 Routing number: 13605 Charter number: 251481627
Beach Municipal Federal Credit Union, Virginia Beach	4164 Virginia Beach Blvd Virginia Beach, VA 23452 Phone: (757) 333-7787 Routing number: 20394 Charter number: 251483256
Chartway Federal Credit Union, Virginia Beach	160 Newtown Rd Virginia Beach, VA 23462 Phone: (757) 552-1000 Routing number: 13242 Charter number: 251481614
Hampton Roads Catholic Federal Credit Union, Virginia Beach	1209 Baker Road, Suite 309 Virginia Beach, VA 23455 Phone: (757) 460-1468 Routing number: 17832 Charter number: 251483230
Memberstrust Credit Union, Virginia Beach	4388 Holland Rd Ste 100 Virginia Beach, VA 23452 Phone: (757) 671-8800 Routing number: 66586 Charter number: 251481818
Nma Federal Credit Union, Virginia Beach	4920 Haygood Road Virginia Beach, VA 23455 Phone: (757) 497-4500 Routing number: 13491 Charter number: 251481779
St. Matthews Federal Credit Union, Virginia Beach	6477 College Park Square Suite 200 Virginia Beach, VA 23464 Phone: (757) 424-5967 Routing number: 14745 Charter number: 251480301
Va Beach Postal Federal Credit Union, Virginia Beach	501 A Viking Dr. Virginia Beach, VA 23452 Phone: (757) 340-9781 Routing number: 15536 Charter number: 251483243
Virginia Beach Schools Federal Credit Union, Virginia Beach	3701 Bonney Road Virginia Beach, VA 23452 Phone: (757) 463-3650 Routing number: 13772 Charter number: 251483214

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. Main share of credit unions assets is concentrated in loans (about 50%), while the share of consumer loans in commercial banks and finance companies active operations rarely exceeds 15%. The most common type of loans in credit unions are loans to purchase new and used cars (40%), followed by first mortgages and second mortgages (35%), about 10% are unsecured personal loans to member of unions and about 15% - are loans on credit cards and other loans. Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Membership in the credit union forms responsible citizens and conscientious attitude to their obligations as a norm of behavior, identify the value of a decent man's reputation in the business turnover. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks.