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. On the consumer credit market in the U.S. credit unions are on the third place after the commercial banks and finance companies and are ahead of savings institutions, not taking into account the loans on real estate. The specifics of the credit union as a credit consumer cooperative is that it is a form of mutual financial assistance of citizens. In the UK, credit unions are a source of financing of people groups. This tool is not widely used. A potential new member of a credit union must submit a recommendation of shareholders in which the referee becomes a warrant of a future member of the credit union. Credit unions of the open type are still controlled by their members, but at the same time provide services to people who are not its members (external customers).