On
housing savings cooperatives "introductory membership fees made by the
membership at a time. Membership fees made by the membership every
month, if the cooperative charter stipulates a different procedure for
making such contributions. Introductory
membership fees and membership fees are non-refundable at the
termination of membership in the cooperative, unless otherwise provided
by the cooperative. Article
26 of the Federal Law of December 30, 2004 N 215-FZ "On the housing
savings cooperatives" govern your use of cooperative mutual fund
cooperative. Mutual
fund cooperative must be cooperative for the purchase or construction
of residential facilities for the members of the cooperative, as well as
to pay off the costs of the cooperative. Mutual fund co-op co-op can be used for: • payment of the actual value of the unit outgoing members of the cooperative; •
the obligations of the cooperative to third parties associated with the
delay set for members of the cooperative unit, and other contributions; • reimbursement of losses in case of a cooperative, if so decided by the general meeting of the members. Article
27 of the Federal Law of December 30, 2004 N 215-FZ "On the housing
savings cooperatives" determines the forms of participation in the
cooperative. Set
by the cooperative form of participation in cooperative activities
shall comply with the financial sustainability of the cooperative, and
should not lead to a violation of standards for assessing the financial
sustainability of the cooperative.
Credit Union
