Consumer
Credit Cooperative - a voluntary association of individuals and (or)
legal entities on the basis of membership in order to meet the financial
needs of the credit cooperative, carried out by integrating its members
property shares.
The
cooperative movement - social activities of people, purpose and result
of which is the creation of new cooperatives, cooperative development.
Credit Cooperatives - unite farmers, artisans, fishermen. Provides its employees a small, but cheap credit for household needs. In the cash loan can let livestock, fertilizer, raw material.
Mutual fund - fund generated by equity contributions and accruals shares.
Reserve fund - fund formed to provide contingency credit cooperative.
Ration payment - cash, credit given to members of the cooperative ownership of the cooperative credit for his work.
Mandatory
share contribution - share contribution minimum set by statute
introduced by the credit cooperative and a member when entering into a
credit cooperative.
An
additional share of contribution - shares, voluntarily made by a member
of the credit cooperative in addition to the mandatory share
contribution.
Charges
on equity contributions - payments from income credit cooperative,
estimated on the basis of its activity to the amount of share
contribution of each member of a credit cooperative in accordance with
its charter.
Legal,
economic and social foundations of the establishment and operation of
consumer societies and their unions that make up the consumer
cooperation Federation determines the federal law on consumer
cooperatives (consumer societies and their unions) in the Federation (in
red. Federal Law of 11.07.97 N 97-FZ)
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Credit Union
