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 attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. 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 difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Credit unions also differ from the traditional consumer cooperatives.
Beech Bottom, West Virginia have 1 agent Credit Union location in your country. All country.
Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks.
|Steel Crete Employees Federal Credit Union, Beech Bottom||
Route 2 & Old Mill Road Beech Bottom, WV 26030
Phone: (304) 394-5930
Routing number: 15495
Charter number: 243485796
Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. National Credit Union Administration (NCUA) - an independent federal agency, based in Washington (State of Columbia), established by the U.S. Congress to oversee the federal credit union system. 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. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Credit unions of the open type are still controlled by their members, but at the same time provide services to people who are not its members (external customers).