Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. To reduce the risk of default on loans members of the credit union shall the joint guarantee. First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). Corporate credit unions are united on a cooperative basis in the Central Credit Union (US Central Credit Union). Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type.
Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.