First Credit Union was savings unprofitable institution, or rather credit cooperative, providing services to its members. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. Credit unions are financial institutions, financial cooperatives of citizens, and in this capacity they are above all associations of people, not unification of capitals, which is typical, for example, for public companies. 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.