First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. 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. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions.