To reduce the risk of default on loans members of the credit union shall the joint guarantee. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. Credit union as a consumer cooperative operates on the principles of equality of all its members. A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions. Worldwide credit union movement is represented by regional confederations and national organizations within the World Council of Credit Unions.