Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit. Unlike banks credit unions limit their activities to a closed circle of people.
Credit Union Location in Springdale, Maryland
Springdale, Maryland have 1 agent Credit Union location in your country. All country.
Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Unlike banks credit unions limit their activities to a closed circle of people.
| Agent | Contacts |
|---|---|
| Money One Federal Credit Union, Springdale |
9800 Technology Way Largo, MD 20774
Phone: (301) 925-4600 Routing number: 07264 Charter number: 255077600 |
Like any financial institution, credit unions have the financial resources. Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. Credit unions also differ from the traditional consumer cooperatives. 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. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services.
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