Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members. Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. In the U.S., credit unions have a clear organizational structure. All credit unions belong to one or the other parent credit union (there are 35 of them in the U.S.). Cooperation between credit unions, how they would not have been named, took place always, from the moment when the movement moved outside one credit union. Credit union as a consumer cooperative operates on the principles of equality of all its members. Membership in the credit union is voluntary and is open to all citizens bound by with joint work or residence, who wished to create a credit union to use its services and are willing to take on relevant commitments and responsibilities. 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.
Among the U.S. credit unions, there are three groups that differ in terms of assets, shareholders, and business services. In the U.S., credit unions have a clear organizational structure. All credit unions belong to one or the other parent credit union (there are 35 of them in the U.S.). Since the early 80's started the process of consolidation of credit unions, leading to a decrease in their number with a simultaneous increase in the total number of members.