Membership in the credit union forms responsible citizens and conscientious attitude to their obligations as a norm of behavior, identify the value of a decent man's reputation in the business turnover. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. 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.
Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively.