Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. The right to use the services of the credit union have only its members. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Credit unions encourage savings of citizens, setting compensation payments (interest) on savings and provide from these savings loans to their members. The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings. The main advantage of credit unions consists in transparency, controllability, governance for shareholders.
In the UK, credit unions are a source of financing of people groups. This tool is not widely used. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. The right to use the services of the credit union have only its members.