Until the mid-XX century, credit unions in the United States had little assets that did not exceed, as a rule, 100 thousand dollars On the consumer credit market in the U.S. credit unions are on the third place after the commercial banks and finance companies and are ahead of savings institutions, not taking into account the loans on real estate. To reduce the risk of default on loans members of the credit union shall the joint guarantee. Today, the World Council of Credit Unions is represented as members four regional confederations and twelve national associations. 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 date, credit unions - virtually the only form of financial institution where people can quickly and without any problems get a relatively inexpensive cash loan.