Credit Union Location in Great Falls, Montana

Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. 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. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Unlike banks, in order to use the services of a credit union, you have to become its member, having written an application and having paid thus shares and membership fee. U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate. Corporate alliances are intermediaries between credit unions and financial markets.

Credit Union Location in Great Falls, Montana

Great Falls, Montana have 5 agent Credit Union location in your country. All country.

Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. 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
1st Liberty Federal Credit Union, Great Falls	6200 3rd Ave North Great Falls, MT 59405 Phone: (406) 761-8300 Routing number: 10375
Great Falls Teachers Federal Credit Union, Great Falls	1500 River Drive N Great Falls, MT 59401 Phone: (406) 727-7300 Routing number: 01104
Montana Federal Credit Union, Great Falls	901 8th Ave S Great Falls, MT 59405 Phone: (406) 727-2210 Routing number: 04164
Russell Country Federal Credit Union, Great Falls	810 1 Ave S Great Falls, MT 59401 Phone: (406) 761-2880 Routing number: 05387
The Family First Federal Credit Union, Great Falls	2901 11th Avenue South Great Falls, MT 59405 Phone: (406) 727-7575 Routing number: 11364

Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. 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. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). U.S. credit unions have another significant difference from the credit cooperatives of farmers: the first have major proportion of short-term loans, the second - long and mostly in real estate. On the consumer credit market in the U.S. credit unions are on the third place after the commercial banks and finance companies and are ahead of savings institutions, not taking into account the loans on real estate. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.