About  our credit union housing savings cooperatives "defines the main features of the cooperative to raise and use funds of citizens to acquire premises.

In the implementation of the engagement and the use of funds of citizens to acquire residential cooperative is entitled to:

• attract and use the money to purchase the citizens of premises;
• invest its available cash in the construction of dwellings (including apartment buildings), as well as participate in the construction of residential buildings as a builder or participatory construction;
• acquire accommodation;
• borrow money.
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The cooperative may provide its members with legal, counseling and other assistance, and other related objectives of the cooperative and do not contradict the legislation of services.
The relations are not associated with membership of citizens in a cooperative and arise from the onerous civil contracts entered into cooperative with its members, the rules established by the legislation on the protection of consumer rights.

Income received from the cooperative conducted its business activities are directed to the reserve fund of the cooperative, and when the said fund the amount established by the cooperative are distributed among the members of the cooperative units of proportion to their respective amounts by crediting against shares.

For settlements related to the activities of the cooperative to attract and benefit funds of citizens to purchase housing, co-op is a separate bank account. To a specified bank account deposit of funds, as well as income derived from the cooperative conducted its business activities. Retirement or giving money to a specified bank account is allowed only for the purpose of implementing cooperative activities to attract and use of funds for the purchase of the citizens living quarters, including the payment of the actual value of the share vybyvshemu cooperative member.

Article 23 of the Federal Law of December 30, 2004 N 215-FZ "On the housing savings cooperatives" determine the sources of funding of the cooperative.

For the purchase or construction of residential cooperative cooperative may use:

• Unit and other contributions of the members of the cooperative, except for introductory membership fees and membership fees;
• subsidies and subventions;
• borrowings obtained cooperative;
• Funds from the sale or use of premises owned by the cooperative;
• Voluntary donations and other sources not prohibited by law  our credit union .
Article 24 of the Federal Law of December 30, 2004 N 215-FZ "On the housing savings cooperatives" defines the legal status of shares of the cooperative members.

Equity contributions of the cooperative should offset the cost of the cooperative on the activity to attract and benefit funds of citizens to acquire premises.

Share contribution cooperative member shall ensure repayment of the cost of acquisition or construction of a cooperative dwelling. The approximate cost of buying or building a cooperative member of the cooperative for the dwelling is determined based on an average market value of the dwelling, the same dwelling-house referred to in an individual's membership in the cooperative. The approximate value of the dwelling is consistent with the citizen who filed the application for admission to membership in the cooperative, and is stated in the decision of the authorized body of the cooperative by the cooperative for the admission of the citizen as a member of the cooperative. After the acquisition or construction of a cooperative member of the cooperative for the dwelling unit size specified fee based on the actual purchase price or constructed cooperative housing and specified in the decision of the authorized body of the cooperative by the cooperative, coordinated with a member of the cooperative.

Share contribution cooperative member shall ensure repayment as related to the acquisition or construction of dwelling on the costs of the cooperative:

• insurance of premises;
• Increasing consumer qualities acquired or constructed dwelling to a level that meets the requirements specified in the application for admission to membership in the cooperative;
• maintenance and repair of premises, utilities (up to transfer the use of premises in cooperative member);
• servicing and repayment of loans and loans for the purchase or construction of residential premises;
• the payment of taxes, fees and other charges.
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The order of making member of the cooperative share contribution determined in accordance with his chosen form of participation in the activities of the cooperative. Possible forms of participation in cooperative activities are established in accordance with Article 27 of this Federal Law  our credit union .