The
Credit Committee reviews applications advises and makes recommendations
submitted to the board on matters of credit, guarantees and warranties
on their return in excess of the amounts authorized to issue, which is
given by executive management. Credit
Committee established by the Board of the cooperative "Agrocredit" in
accordance with the statute and is accountable to the general meeting
and the board of the cooperative. Profit
distribution cooperative for the year is approved at the general
meeting of members of the cooperative in accordance with its charter. Article 36 of the Federal Law 'On Agricultural Cooperation "prioritizes areas of profit distribution cooperative (Fig. 2). As can be seen, first, of the profits of the cooperative "Agrocredit" is the indivisible funds. Such
a procedure was established to maintain the sustainability of the
cooperative, which allows him to always have the tools and flexibility
to maneuver in the normal course of business. This financial reserve may be used, if necessary, a source for compensation. Next, from the rest of the profits will make payments to the budget. Credit Cooperative like other businesses making tax payments to non-budgetary funds. Of the remaining profit is due to the payment of associate members to share contribution of dividends. The
total amount paid on the invested capital of the membership should not
exceed 30% of the distributable profit in the cooperative.
Credit Union
