Credit Union Location in Eau Claire, Wisconsin

In the U.S., credit unions have a clear organizational structure. All credit unions belong to one or the other parent credit union (there are 35 of them in the U.S.). Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Contributions from of shareholders in credit unions in no way can be considered as borrowed funds, they come from the shareholders and for the shareholders and can not be used to provide services to third parties. 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. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. Credit unions historically formed as a special form of social support, initially taken upon themselves the social mission of protecting the interests of citizens in the field of financial services. Credit union as a consumer cooperative operates on the principles of equality of all its members.

Credit Union Location in Eau Claire, Wisconsin

Eau Claire, Wisconsin have 6 agent Credit Union location in your country. All country.

Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members.

Agent	Contacts
Eau Claire Postal Credit Union, Eau Claire	3510 Hogarth Street Eau Claire, WI 54703 Phone: (715) 830-5710 Routing number: 66612
Eau Claire Press Credit Union, Eau Claire	701 S Farwell Street Eau Claire, WI 54701 Phone: (715) 833-7433 Routing number: 66509
Met Credit Union, Eau Claire	402 Graham Ave, Ste 100 Eau Claire, WI 54701 Phone: (715) 834-3275 Routing number: 66380
Royal Credit Union, Eau Claire	419 N Hasting Pl Eau Claire, WI 54702 Phone: (715) 833-8111 Routing number: 66834
Sacred Heart Hospital Employees Credit Union, Eau Claire	900 W. Clairemont Ave Eau Claire, WI 54701 Phone: (715) 717-4245 Routing number: 66666
Utilities Credit Union, Eau Claire	1414 W Hamilton Ave Eau Claire, WI 54701 Phone: (715) 737-2467 Routing number: 66776

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. The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. 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). The relationship between credit unions and shareholders arise from the membership and are not customer relationship. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. Corporate alliances are intermediaries between credit unions and financial markets.