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. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. Share contributions are transferred to the credit union on the basis of membership for the whole stay of a shareholder as member of the credit union and are the basis of membership. 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. Corporate alliances are intermediaries between credit unions and financial markets.
Marshfield, Wisconsin have 3 agent Credit Union location in your country. All country.
When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. 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.
Agent | Contacts |
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Central City Credit Union, Marshfield |
222 E Upham Street Marshfield, WI 54449
Phone: (715) 387-3702 Routing number: 66678 |
First Choice Credit Union, Marshfield |
1614 E 4th Marshfield, WI 54449
Phone: (715) 387-8405 Routing number: 66545 |
Marshfield Medical Center Credit Union, Marshfield |
302 W Upham Street Marshfield, WI 54449
Phone: (715) 387-8686 Routing number: 67066 |
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. Members of credit unions place in credit unions usually free fund balances, ie those that remain after expenses devoted to education of children, the acquisition of new properties, additional pension benefits, etc. 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 unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union.