To increase the number of credit unions in 1979 was adopted the corresponding law that serves as the legal basis of their activity. Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans. In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Representative organization, leading the coordination work in the field of development of both global and national credit union movement is the World Council of Credit Unions (WOCCU) established in 1971 (headquartered in Madison, USA).
In the credit union compensation for use of the loan (interest) is a source of compensation for savings. Credit unions encourage the proper use of shareholders savings, developing social programs (education, health, recreation, housing, etc.). Activity of the credit union consists of organizing mutual financial assistance by meeting the needs of its members in the services of saving and obtaining loans.