The functioning of a modern - 31 August 2012

The functioning of a modern economy is inextricably linked with the credit. At present, almost any natural or legal person, feeling the need for financial resources and resort to the use of credit as a way to solve their financial problems. As usually, credit transactions carried out by banks.

However, credit operations can be carried out not only legal persons as defined in the Civil Code and the Law on banks, but credit cooperatives.
In the traditional banking system, credit cooperatives of mass distribution does not, however, obtain in the banking systems of foreign countries, they have their place.
This work is devoted to the issues of legal regulation of credit cooperatives.
In modern conditions, consideration of this issue is quite important.
This paper will address the theoretical foundations of the credit and economic cooperation, issues of functioning of the housing and savings cooperatives, and regulatory issues of rural credit cooperatives.