Credit Union

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Details

A credit union is a cooperative financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members. Many credit unions exist to further community development or sustainable international development on a local level. Worldwide, credit union systems vary significantly in terms of total system assets and average institution asset size since credit unions exist in a wide range of sizes, ranging from volunteer operations with a handful of members to institutions with several billion dollars in assets and hundreds of thousands of members. Yet credit unions are typically smaller than banks; for example, the average U.S. credit union has $93 million in assets, while the average U.S. bank has $1.53 billion, as of 2007.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130221546
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Sprache Englisch
    • Größe H220mm x B150mm x T6mm
    • Jahr 2009
    • EAN 9786130221546
    • Format Fachbuch
    • ISBN 978-613-0-22154-6
    • Titel Credit Union
    • Untertitel Cooperative banking, Financial institution, Community development, International development, World Council of Credit Unions, Canada, Principal- agent problem
    • Gewicht 159g
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 96
    • Genre Wirtschaft

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