To date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan. Most modern credit unions represent specialized consumer cooperatives of citizens associated by the principle of social community: place of work, place of residence, profession, or any other shared interest. Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. In the credit union compensation for use of the loan (interest) is a source of compensation for savings.