Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). First central bank of credit unions appeared in 1876. Credit unions began to appear rapidly in many European countries. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks.