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Credit Unions in Paducah, KY
C Plant Federal Credit Union - Paducah, KY - Phone: (270) 442-0789
C-Plant Federal Credit Union - Paducah, KY - Phone: (270) 554-0287
McCracken County Teachers Federal Credit Union - Paducah, KY - Phone: (270) 554-9941
Paducah City Employees Credit Union - Paducah, KY - Phone: (270) 444-8510
Paducah Federal Credit Union - Lone Oak Office - Paducah, KY - Phone: (270) 554-0280
Paducah Federal Credit Union - Midtown Office - Paducah, KY - Phone: (270) 443-5261
Paducah Federal Credit Union - Southside Office - Paducah, KY - Phone: (270) 443-2361
Paducah Public Schools - Paducah Teachers Federal Credit Union - Paducah, KY - Phone: (270) 444-5638
Western Baptist Hospital - Credit Union - Paducah, KY - Phone: (270) 575-2776
Helpful Definition for: Credit Unions
A credit union in Paducah 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 Paducah 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.
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