Credit Union Location in Tumwater, Washington

The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. 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. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.

Credit Union Location in Tumwater, Washington

Tumwater, Washington have 1 agent Credit Union location in your country. All country.

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. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.

Agent	Contacts
O Bee Credit Union, Tumwater	3900 Cleveland Ave Tumwater, WA 98501 Phone: (360) 943-0757 Routing number: 60059

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. The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. 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. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. 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 unions base their activities on savings of shareholders, their shares and savings contributions, which make up the fund of mutual financial assistance - a source of cash loans to shareholders. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity.