Credit Union Location in Melville, 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.). Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings. 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. 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). 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. 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.

Credit Union Location in Melville, New York

Melville, New York have 2 agent Credit Union location in your country. All country.

Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings. 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).

Agent	Contacts
Latvian Federal Credit Union, Melville	4 Riga Lane Melville, NY 11747 Phone: (631) 481-1491 Routing number: 18422 Charter number: 221476581
Projector Federal Credit Union, Melville	1300 Walt Whitman Rd Melville, NY 11747 Phone: (631) 547-4359 Routing number: 20798 Charter number: 221475621

Membership in the credit union is voluntary and is open to all citizens bound by with joint work or residence, who wished to create a credit union to use its services and are willing to take on relevant commitments and responsibilities. To get a loan in the credit union a shareholder must be not only a formally adopted there, but necessary pay in cash contributions, the amount and order of payment of which approved by the General Assembly and fixed by the charter. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU.