First central bank of credit unions appeared in 1876. Credit unions began to appear rapidly in many European countries. Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. 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 1908. the spread of credit unions has reached the United States. In 1935 President Roosevelt signed the state Charter on credit unions, which became a law.