In recent decades, many credit unions began to resort to such form of service as Some credit unions are closed, serving only their members. However, the more and more popularitywin cooperatives of open type. To reduce the risk of default on loans members of the credit union shall the joint guarantee. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.).