Like any financial institution, credit unions have the financial resources. Typically new members of the credit union become citizens having suretyship or recommendations from their friends - members of the credit union. Share contributions are transferred to the credit union on the basis of membership for the whole stay of a shareholder as member of the credit union and are the basis of membership. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. The right to use the services of the credit union have only its members.