Principles of cooperative democracy and interaction were adequate to the purposes for which people joined credit unions. The right to use the services of the credit union have only its members. The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. The relationship between credit unions and shareholders arise from the membership and are not customer relationship.
The number of shareholders of a credit union is limited and formalized by a list. Limit of the number is defined by the assembly and such assembly establishes the charter. Credit union is created by a group of members who pursue a common interest. Agreeing to make regular contributions, they create a fund from which can borrow money for investments and replenishment of working capital at favorable interest rates. The right to use the services of the credit union have only its members.