The supreme body of the World Council of Credit Unions is the Assembly, which elects the president and the board of directors of WOCCU. 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. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Standards by which credit unions build their work do not coincide with the standards and regulations of consumer cooperation of the usual type. The main advantage of credit unions consists in transparency, controllability, governance for shareholders.
Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. 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.