A credit union on its own initiative order is created by citizens (individuals) to solve their financial problems that they could not solve in other financial institutions. 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. International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. The economic basis of credit unions - finances of a household. The main objective of the credit union - to ensure financial stability of a household, to ensure the priority of their shareholders' financial interests. 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.
International cooperation has been particularly felt since the days when Alphonse Desjardins began the activity on development of credit union movement in North America. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. 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.