Credit Unions

Savings and credit cooperatives. established to provide an opportunity for members to obtain loans easily and lightly floral. Cooperatives strive to, "prevent the members involved in the bondage of the loan sharks when they need some money ... to activate the savings and the granting of loans with interest as low"
Credit unions raise money from its members who then distribute the funds back to its members. According Widiyanti and Sunindhia, credit unions have a goal to educate its members live frugal and also add to the knowledge of the cooperative members
To achieve its objectives, credit unions should implement rules regarding the role of administrators, supervisors, managers and most importantly, meeting members. Board serves as the central decision makers higher, advice giver and keeper discontinuity in the organization and as a trustworthy person. According to the Act No.25 of 1992, article 39, the supervisor in charge of supervising the implementation of the policy and management of cooperatives and cooperative writing reports, and authorities examine the records that exist in the cooperative, obtain all necessary information and so on. The third, his manager cooperatives, such as managers in any organization, must have executive skills, leadership, outreach foresight and mememukan compromise and a different view. However, to achieve the goal, a meeting of members must have the highest authority in the organization of cooperatives. It is stipulated in article 22 to article 27 of Law No.25 of 1992.
Credit Unions According to Government Regulation
1. Lending and borrowing activities are activities undertaken to raise funds and channel them through the activities of savings and loan and for members of the cooperative in question, the prospective members of the cooperative in question, other cooperatives and or its members.2. Credit Unions are cooperatives whose activities only savings and loan business.3. Savings and Loans Unit is a cooperative unit engaged in the savings and loan business, as part of a cooperative business activity in question.4. Deposits are funds entrusted by members, prospective members, other cooperatives and the cooperative or its members in the form of savings, and savings cooperatives futures.5. Term deposits are deposits in cooperatives that remittance is done once and may only be withdrawn at any given time according to the agreement between the depositor and the cooperative in question.6. Savings Cooperative is a cooperative savings in remission done gradually and may only be withdrawn under certain conditions agreed between savers with cooperative concerned with the use of Cooperative Savings books.7. Loans to provide cash or the equivalent claims under contracts or agreements between the borrowing and lending cooperative with other parties that requires the borrower to pay off debts after a certain period of time accompanied by a payment of remuneration.