Income received by the credit union shall be distributed among the shareholders or spent for the depreciation of services, that is, are the most effective means of meeting the needs of shareholders. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. Corporate alliances are intermediaries between credit unions and financial markets.