Forms of participation in cooperative activities set forth: minimum
and maximum periods of application, as well as the minimum size (or a
way to determine the size) of the shares, after the introduction of
which the right to buy or build a cooperative dwelling for a member of
the cooperative; • the period of making the rest of the share of the contribution; • the amount and frequency of payments on account of share contribution; • the possible conditions of borrowing. Set by the cooperative form of participation in cooperative activities may include: • conditions index periodic payments on the share of the contribution; •
conditions of interest on paenakopleniya sent from mutual funds of the
cooperative for the purchase or construction of cooperative housing for
the other members of the cooperative; • other conditions of purchase or construction of residential cooperative and deposit shares. Forms of participation in cooperative activities approved by the general meeting of members of the cooperative. Prior
to approval of the general meeting of members of the cooperative form
of participation in cooperative activities such forms must be approved
by the board of the cooperative. The
General Meeting of the members' approval of the forms of participation
in cooperative activities must include a statement about the possible
impact of forms of participation in cooperative activities on its
financial stability.
Credit Union
