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. Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Credit unions appeared in England in the 19th century. In 1844 a group of workers from Rochdale established the first cooperative. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations.