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. Like any financial institution, credit unions have the financial resources. Specialization of credit unions to provide financial services to its shareholders requires a particularly strict regulation of membership and acceptable activities. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. 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. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. 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.
Olympia, Washington have 7 agent Credit Union location in your country. All country.
Like any financial institution, credit unions have the financial resources. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders.
Agent | Contacts |
---|---|
Evergreen Direct Credit Union, Olympia |
1018 E. Union Olympia , WA 98501
Phone: (360) 943-7676 Routing number: 68546 |
Generations Credit Union, Olympia |
929 Eastside St Se Olympia, WA 98501
Phone: (360) 357-5660 Routing number: 68220 |
Olympia Credit Union, Olympia |
202 9th Ave Se Olympia, WA 98501
Phone: (360) 754-5559 Routing number: 68331 |
Tulip Cooperative Credit Union, Olympia |
3111 Pacific Ave Se Olympia, WA 98501
Phone: (360) 570-2292 Routing number: 68528 Charter number: 125184937 |
Twinstar Credit Union, Olympia |
1020 5th Avenue SE Olympia, WA 98501
Phone: (360) 357-9911 Routing number: 68271 |
Washington State Employees Credit Union, Olympia |
330 Union Ave Se Olympia, WA 98501
Phone: (360) 943-7911 Routing number: 60042 |
Wcla Credit Union, Olympia |
2419 Pacific Ave Se Olympia, WA 98502
Phone: (360) 352-5033 Routing number: 68328 Charter number: 125184568 |
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). Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Initially, the target groups of credit unions were farmers (Raiffeisen), and now they include both individuals (credit unions), and organizations. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee.