The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. The specifics of the credit union as a credit consumer cooperative is that it is a form of mutual financial assistance of citizens. 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. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Credit union services are available only to its shareholders. In the credit union compensation for use of the loan (interest) is a source of compensation for savings.
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. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. The specifics of the credit union as a credit consumer cooperative is that it is a form of mutual financial assistance of citizens.