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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.


Category: credit union | Views: 384 | Added by: FreeDOM | Tags: Transfer credit cooperative member | Rating: 0.0/0
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