To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. Typically, donor contributions to the credit unions are targeted and used in the same statutory requirements and restrictions as the Mutual Financial Aid fund as a whole. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. 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. Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA). Borrowing rate for the credit union is a source of income to cover the administrative costs. All excess funds are returned to members in the form of dividends on savings.
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Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. Typically, donor contributions to the credit unions are targeted and used in the same statutory requirements and restrictions as the Mutual Financial Aid fund as a whole.