Credit Union Location in Bronx, New York

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.). The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. 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. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. In the case of default the shareholder - individual will respond with its property and, in addition, is jointly and severally liable with the credit union's commitments. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. 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.

Credit Union Location in Bronx, New York

Bronx, New York have 6 agent Credit Union location in your country. All country.

The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members.

Agent	Contacts
B.S. And C.P. Hospitals Employees Federal Credit Union, Bronx	1500 Waters Place Bronx Psychiatric Center Bronx, NY 10461 Phone: (718) 862-5042 Routing number: 20585 Charter number: 226073918
Bethex Federal Credit Union, Bronx	20 East 179th Street Bronx, NY 10453 Phone: (718) 299-9100 Routing number: 19907 Charter number: 226073895
Love Gospel Assembly Federal Credit Union, Bronx	2435 Grand Concourse 2nd Floor Bronx, NY 10468 Phone: (646) 463-8379 Routing number: 24740
New Covenant Dominion Federal Credit Union, Bronx	1185 Boston Road Bronx, NY 10456 Phone: (718) 328-3930 Routing number: 24784
St. Augustine Presbyterian Federal Credit Union, Bronx	838 East 165th St Bronx, NY 10459 Phone: (718) 542-7253 Routing number: 05263 Charter number: 226074108
Van Cortlandt Cooperative Federal Credit Union, Bronx	3960b Hillman Avenue Bronx, NY 10463 Phone: (718) 549-5858 Routing number: 01125 Charter number: 226074111

Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. In the U.S. credit unions timely and full repayment of loans is a common phenomenon. Unpaid and delinquent loans are not more than 3% of their amount. The difference between credit unions and banks is clearly is apparent when comparing the structure of assets and liabilities of credit unions and banks. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. Membership in the credit union forms responsible citizens and conscientious attitude to their obligations as a norm of behavior, identify the value of a decent man's reputation in the business turnover. As of the January 1, 2012 the national associations and confederations unite more than 196 million members participating in the 51,013 credit unions in 100 countries. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. 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.