Main » 2012»August»30 » Transfer credit cooperative member cash using a credit cooperative.
22:01
Transfer credit cooperative member cash using a credit cooperative.
Transfer credit cooperative member cash using a credit cooperative. Allowed to transfer credit cooperative member of its own funds in the use of credit cooperatives. Transfer of funds on the basis of the contract. Agreement
on the transfer of funds is in writing and is concluded with the
transfer of funds of the cooperative member of the credit for the use of
the credit cooperative. Failure to observe the form of the contract entails the invalidity. The
material terms of the agreement on the transfer of funds are cash and
time, or another event occurs which amount shall be refunded the amount
of interest accrued on the amount of cash, and the procedure of
calculation of interest. Terms
cash, interest is payable on the amount of money order interest on the
amount of cash and the order of payment shall be determined by the
general meeting approved of the credit cooperative position on the order
of recruitment and use of funds. The
interest rate determined by the contract on the transfer of funds made
with the credit cooperative member - an individual subject to a refund
after a certain period of time or to reflect the occurrence of a
specific event, can not be reduced credit cooperative unilaterally,
unless otherwise provided by contract . Credit
cooperative can provide a refund or transferred by its members -
individuals by insurance covering its liability under the contracts. Upon
liquidation of the cooperative credit requirements of its members for
the return of funds entrusted to the use, catered mainly to the
different requirements of the credit cooperative.