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 services are available only to its shareholders. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative. 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. 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. Unlike banks credit unions limit their activities to a closed circle of people.
Credit Union Location in Reidsville, North Carolina
Reidsville, North Carolina have 1 agent Credit Union location in your country. All country.
Credit union services are available only to its shareholders. Consumer loan and reliable savings - these are the main goals, which mean "natural persons" having decided to unite in credit consumer cooperative.
| Agent | Contacts |
|---|---|
| American Partners Federal Credit Union, Reidsville |
618 N Scales St Reidsville, NC 27320
Phone: (336) 349-2729 Routing number: 22119 Charter number: 253184430 |
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. 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. In recent decades, many credit unions began to resort to such form of service as 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. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. 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.
- Western Union money transfer agent location in California, Torrance
- Western Union money transfer agent location in Illinois, Romeoville
- Western Union money transfer agent location in Indiana, Columbus
- Western Union money transfer agent location in Louisiana, Denham Springs
- Western Union money transfer agent location in Maryland, Glenn Dale
- Western Union money transfer agent location in Wyoming, Rock Springs