In today's financial crisis for a little time to make money, one also has to figure out how to get along with them so as not to lose, and the question remains open to give loans. As a result, some people are turning to credit unions. The essence of the work of the COP is generally similar to the work of the so-called "black cash" or "pooling" of times  credit union 1 .

Only some members of a credit union union invest money - but at interest, other interest-bearing shoot. "It may
a bankrupt credit union because of the crisis? "- the question arises, probably, every potential member of such a union. The author has collected all the "pros" and "cons" of investment and loans to the Constitutional Court today.

Risk of Use

Despite the interest in credit unions, many continue to treat them with caution. What a lot of help otgremevshaya story bursting "Berliner Baushparkasse." This organization is under the name of the credit union appeared on the market recently, talking about a German sponsor and place advertising mortgages implausible rates of 4% per annum. And then - gone with the money.

Therefore, the ordinary investor should consider a few things.

1. Immediately bear in mind that there is nothing "cheap" unions do not offer, the nature of their work - loans and deposits at a higher interest rate than the bank. If interest rates on loans that you feel are too low, and on deposits - too attractive to wait trick.

2. Owners and customers KS - the same people. While bank customers separately, owners, of course, individually. Also part of the banks dependent on foreign loans. Therefore, the global crisis threatens COP only insofar as each member threatens domestic inflation, unemployment, and the panic in the financial markets.

3. And finally, the most important thing - the risk. Large unions, who for many years on the market, removing this "weak link" in their work with clients. Now Ukraine has two associations CC: All-Ukrainian Association of Credit Unions and the National Association of Credit Unions of Ukraine. Both organizations have been created to monitor the work of its members, and to guarantee deposits  credit union 1 .

We have All-Ukrainian Association "Deposit Protection Program", in which the contribution of up to 50 thousand UAH insure and reimburse. When the National Association of Credit Unions created even stabilization fund. It included 175 of the 800 existing unions in Ukraine. The purpose of the stabilization fund - to prevent the bankruptcy of the credit unions.

- We do not allow the organization to go bankrupt, - says the president of the National Association of Credit Unions of Ukraine Peter Kozinets. - And a fundamental guarantee of deposits in credit unions - cooperative nature of their activities. Credit unions operate at high speeds with small loans to individuals, members of credit unions, not investing in risky programs and enterprises, reducing any risks.

Learn about is whether you choose a credit union in the All-Ukrainian Association of the COP, by telephone hotline - 8-800-309-15-10. If KS - a member of one of the all-Ukrainian association, he has this special certificate. And in the office there is symbolism and associations required to check if a TPA license to take deposits.

Rates and requirements

- If banks focused mainly on long-term loans, the turnover of funds in credit unions on average - for the first 9 months, the average loan size - 5000 UAH, - said Peter Kozinets.

That is to receive a credit union mortgage or a car loan is difficult, and in most cases, people turn to the Constitutional Court, when it needed cash. If the borrower wants to borrow a large sum, it may require a deposit.

- Credit unions in all countries lend mostly middle class - said the head of the Ukrainian Association of CS Galina Shatyrko. - Some unions is tempted to raise interest rates, but we hold back this trend. Rates on deposits grew even in the summer, as, indeed, in the banks.

Today's rates in the CC: 20% to 30% on deposits and on loans from 30% to 60% per annum. This net interest - no "commissions" and for "service credit" - credit union is prohibited - so calculate the overpayment on the loan is easy.

Background

In Ukraine, the COP to the 90-s

The first law on credit unions emerged during the Great Depression in the United States, in the midst of the crisis - in 1931.

Prior to the organization, whose activities can be summarized Ukrainian slogan "svіy to Svoge on svoє" - that is practically built on the "neighborhood" loans - to actively set up in many countries, have their own statutes, but were not called "credit union." For example, before 1929, the territory of modern Ukraine, there were about 3,000 such cooperatives.

In independent Ukraine the COP appeared in financially troubled 1990s. Since then, demand and rapidly developing  credit union 1 .