Shareholders in corporate organizations are basic credit unions, besides the same union can be a shareholder of several corporate organizations. The specifics of the credit union as a credit consumer cooperative is that it is a form of mutual financial assistance of citizens. Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. Like any financial institution, credit unions have the financial resources. The specifics of credit unions and, in some sense, their uniqueness lies in the fact that they work not for profit and do not appropriate profit.
Credit unions attract people in the first place by the opportunity to get cash loan (credit) - quickly and relatively inexpensively. The value of credit unions is not limited to the role of the economic agent - they are an important element of the social structure and a factor of social stability and progress. The specifics of the credit union as a credit consumer cooperative is that it is a form of mutual financial assistance of citizens.