The principles of the credit cooperative.
Credit Cooperative is a nonprofit organization created in the form of a consumer cooperative and operates on the basis of the following principles  neighbors credit union :

ü voluntary membership in a credit cooperative;
ü management of the credit cooperative on democratic principles (one member of the cooperative credit - one vote);
ü loans to the credit cooperative society on equal terms;
ü availability of information on the activities of credit cooperative to its members.
ü
Creation of the state registration of credit cooperatives.
Credit cooperative can be established by at least five individuals and (or) at least two legal entities, unless otherwise provided by federal law. The state registration of credit cooperative shall be as defined by federal law on state registration of legal entities.

Credit Cooperative is established from the date of the relevant entry in the Unified State Register of Legal Entities.

Credit cooperatives can be established in the form of credit consumer cooperatives of citizens, rural credit cooperatives, mutual credit, mortgage credit cooperatives and other credit cooperatives in accordance with the Federal Law "On credit cooperation" and other federal laws.

The activity of certain types of credit cooperatives may be regulated by special federal laws.

Charter credit cooperative.

Credit Cooperative Charter should contain the following information:
1) the name and address of the credit cooperative;
2) the subject and purpose of the credit cooperative;
3) the procedure and conditions of the credit cooperative, the grounds and procedures for termination of membership in the credit cooperative;
4) the rights, obligations and responsibilities of the credit cooperative;
5) The manner of payment of the members of the cooperative credit losses incurred;
6) structure, the order of creation and competence of the credit cooperative decision-making rules, including on issues requiring decisions unanimously or by qualified majority;
7) the size and order of compulsory shares and liability for breach of obligations on their making, and how to make additional equity contributions;
8) payment arrangements with a member of the credit cooperative exit from the credit cooperative;
9) funds set up in the credit cooperative, and the order of their formation;
10) the distribution of revenue credit cooperative;
11) the procedure for convening and date of the general meeting of the credit cooperative, the organization of the vote count;
12) the procedure of reorganization and liquidation of the credit cooperative;
13) other by this Federal Law and other federal laws information.
Charter credit cooperative established financial standards of its activities. It is mandatory to set limits of relations:

ü the amount of own funds and the assets of the cooperative credit balance;
ü current assets and current liabilities of balance credit cooperative;
ü mutual fund size and the size of the reserve fund credit cooperative;
ü the amount of loans granted to a single borrower, and the balance of the loan assets of the cooperative.
ü
Credit Cooperative Charter may contain other provisions necessary for its operation and is not contrary to the federal law "On credit cooperation" and other normative legal acts of the Federation  neighbors credit union .

Changes and amendments to the charter of the credit cooperative resolution of the general meeting of its members are subject to state registration in the federal law.

Limitations of the credit cooperative.
In carrying out its activities credit cooperative shall not:
ü provide loans to non-members of the credit cooperative;
ü act as security for the obligations of its members and third parties;
ü make their property as a contribution to the authorized (share) capital of business partnerships and companies, production cooperatives;
ü issuance of equity securities;
ü
ü buy equity securities, except for state and municipal securities, to perform other operations on the stock markets.
Credit cooperative may carry on business in so far as it serves to achieve its statutory objectives and meet these goals.

The order of granting credit cooperative loans to its members.
Credit cooperative uses its funds to provide loans only to its members.

The amount of loans granted to members of the cooperative credit can not exceed the amount established by the general meeting of the credit cooperative.
Loan agreement, regardless of the size of the loan shall be in writing. Failure to comply with the specified form of the loan agreement shall entail its invalidity.
Repayment of the loan credit cooperative member - an individual is provided the amount of its shares, as well as the amount of his personal savings to the user credit cooperative, in addition to certain other loan contract method.

Repayment of the loan credit cooperative member - an individual entrepreneur or legal entity must be secured by collateral or otherwise as provided by the loan agreement.

In case of failure by the borrower to ensure the specified credit cooperative may provide a return on the loan through its insurance for the borrower  neighbors credit union .