Unions (associations) of credit cooperatives Basic principles of the establishment and operation of unions (associations) of credit cooperatives. Credit
cooperatives may voluntarily join unions (associations) of credit
cooperatives in order to coordinate the activities of credit
cooperatives, to represent and protect their interests, provision of
information, legal and other services, the training of employees for
credit cooperatives, training employees of credit cooperatives,
implementation of scientific research and other activities. The
order of creation of the union (association) credit cooperatives, its
reorganization and liquidation, composition and competence of its
organs, the relationship union (association), credit cooperatives and
its members, the other the creation and activities of the union
(association) credit cooperatives by federal laws and the constituent
documents of the union ( Association) credit cooperatives. Competence, rights and responsibilities of unions (associations) of credit cooperatives. The
competence of the Union (Association) of credit cooperatives, rights,
duties and responsibilities are defined by federal law, the statute
union (association), credit cooperatives, approved by the general
meeting of members of the union (association), credit cooperatives, as
well as the memorandum signed by the members of the union (association)
of credit cooperatives . Union (Association) of credit cooperatives are not liable for the obligations of its members. The
members of the union (association) credit cooperatives are vicariously
liable for its obligations in the amount and in the manner provided by
the constituent documents of the union (association) credit cooperatives
Credit Union
