Rural
credit cooperatives Volgograd region enjoyed the confidence of the
population, as evidenced by the proportion of savings contributions of
members of the cooperative loan funds. Thus,
on average for all credit cooperatives in the region, it is
approximately 40%, and in some cooperatives is considerably higher in
the cooperative "Danilov" - 76%, and in co-ops "Ters" - 70%,
"Novoannensky" - 65%, " support "- 66% and" Field "- 65%. Other
sources of the formation of a loan facility of rural credit
cooperatives are involved means financial institutions and commercial
banks (49.6%), guarantee fund and savings generated through
contributions from credit cooperatives and regional budget (11.7%),
equity cooperatives (6 , 7%). According
to experts of the regional cooperative fund increased lending in the
near future should be done not only by further increasing attracted by
the financial resources but also the personal savings of cooperative
members. The
reason for the success of the system of rural credit cooperatives, and
public confidence in the credit cooperatives Volgograd region that is
the legislative basis for the development of credit cooperation, as well
as there is support from the local authorities, which provides a basis
for seeking a reliable and stable operation of credit cooperatives. For
the further development of rural credit cooperatives at the Volgograd
regional agricultural credit consumer cooperative "Commonwealth" the
fund guarantees and support, which is formed by contributions of rural
credit cooperatives that are members of the regional cooperative, as
well as through the budget. To replenish the fund allocated in the budget of 1999. 1.4 million rubles., In 2000. 3 million rubles., In 2001. - 3.1 million rubles., In 2002. - 2.2 million rubles., In 2003. - 3.0 million rubles., Given allocations of credit cooperatives, which accounted for 7.0% of the mutual fund (14, p. 38). The main directions of the use of the fund are: -
Financial support for the return of funds raised rural credit
cooperatives from the side (for these purposes at least 70% of the
fund); -
Provision of financial assistance to rural credit cooperatives
experiencing temporary financial difficulties during strenuous farm work
- in other words - to make loans to credit coopera ¬ imperative of
concessional terms for up to 8 months (for this purpose is not used more
than 30% of the fund). Another
important step in the development of rural credit cooperatives is to
create a reserve fund for regional and local rural credit cooperatives. Reserve
fund intended to cover the losses of the cooperative, as well as
expenses in excess of the estimates to cover the reimbursement of losses
on bad loans, compensation in case of loss of the cooperative force
majeure. Reserve
Fund Credit Cooperative, as a guarantor of stability of its activities,
plays an important role in the development of rural credit
cooperatives.
Credit Union
