Charter
credit cooperative or decisions of the general meeting of the credit
cooperative to set standards of its financial performance and limiting
relations: • size of mutual fund and the size of the reserve fund; • equity credit cooperative and assets of its balance sheet; • balance sheet assets and credit cooperative to current liabilities; • The maximum size of the loan issued to one borrower and loan assets of the cooperative; • The amount of time available balance financial mutual fund, which can not be more than 50 percent of the fund. Credit
Cooperative is responsible for its obligations to members of credit
cooperatives and credit cooperative associate members on the grounds and
in the manner provided for by this Federal Law, other federal laws and
statutes of the cooperative credit. State
regulation of credit cooperatives and their unions by the authorized
federal executive body, to adopt normative legal acts in accordance with
the Federal Law "On agricultural cooperation." The number of members of the cooperative credit may not be less than 15 citizens and (or) five entities. Credit
cooperative members can not be unitary enterprises and municipal
unitary enterprises and joint-stock companies, whose shares are owned by
the state.
Credit Union
