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Credit Unions in Allentown, PA
Allentown Municipal Employees Federal Credit Union - Allentown, PA - Phone: (610) 791-2376
Allentown Teachers Credit Union - Allentown, PA - Phone: (610) 435-0601
Erie Branch Office - Allentown, PA - Phone: (610) 432-3111
First Class Federal Credit Union - Allentown, PA - Phone: (610) 439-4102
Lehigh Valley Federal Credit Union - Allentown, PA - Phone: (610) 435-7575
Municipal Employees Federal Credit Union - Allentown, PA - Phone: (610) 820-8440
People First Federal Credit Union - Allentown, PA - Phone: (610) 433-3297
Peoples First Credit Union Sacred Heart Branch - Allentown, PA - Phone: (610) 821-2833
PPL Gold Credit Union - Allentown, PA - Phone: (484) 634-3437
Teamster Local 773 - Allentown, PA - Phone: (610) 434-4451
Weallen Federal Credit Union - Allentown, PA - Phone: (610) 770-2672
Helpful Definition for: Credit Unions
A credit union in Allentown is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive 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. They are typically smaller than banks, and are generally not-for-profit cooperative institutions. Credit unions in Allentown have an unusual organizational structure, which attempts to solve the principal-agent problem by ensuring that the owners and the users of the institution are the same people. In any case, credit unions cannot accept donations and must be able to prosper in a competitive market economy.
