First central bank of credit unions appeared in 1876. Credit unions began to appear rapidly in many European countries. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. 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. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. Credit Union - one of the most attractive financial institutions for the public being a non-profit alternative to banks. In 1908. the spread of credit unions has reached the United States. In 1935 President Roosevelt signed the state Charter on credit unions, which became a law.