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About Credit Unions

Original Language Title: Про кредитні спілки

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C A C U A TO R S
About Credit Union
(Information of the Verkhovna Rada of Ukraine (VR), 2002, N 15, pp. 101)
{With changes under the Laws
N 1096-IV 1096-15 ) from 10.07.2003, IWR, 2004, N 6, pp. 38
N 2454-IV ( 2454-15 ) from 03.03.2005, VB, 2005, N 16, pp. 259
N 2704-IV ( 2704-15 ) from 23.06.2005, VR, 2005, N 32, pp. 421
N 3108-IV ( 3108-15 ) 17.11.2005, IWR, 2006, N 1, pp. 18
N 2388-VI ( 2388-17 ) from 01.07.2010, VR, 2010, N 37, pp. 496
N 2435-VI ( 2435-17 ) from 06.07.2010, VR, 2010, N 46, pp. 539
N 3610-VI ( 3610-17 ) from 07.07.2011, VR, 2012, N 7, pp. 53
N 5492-VI ( 5492-17 ) from 20.11.2012, VR, 2013, N 51, pp. 716
N 406-VII ( 406-18 ) from 04.07.2013, VR, 2014, N 20-21, pp. 712
N 1206-VII ( 1206-18 ) from 15.04.2014, VR, 2014, N 24, pp. 885
N 1253-VII ( 1253-18 ) from 13.05.2014, VR, 2014, N 28, pp. 935
N 1702-VII 1702-18 ) from 14.10.2014, VR, 2014, N 50-51, pp. 2057 N 222-VIII ( 222-19 ) 02.03.2015, AVR, 2015, N 23, pp. 158}

This Act defines organizational, legal and economic
The establishment and activities of credit unions, their associations,
rights and duties of members of credit unions and their associations.
Section I
GENERAL PROVISIONS
Article 1. Credit Union Definition
1. Credit union is a non-profit organization founded
Individuals, professional unions, their associations on their
Cooperative services to meet the needs of its members in the
mutual lending and provision of financial services at the expense of
the combined monetary contributions of the members of the credit union. (Part
First Article 1 with changes made under Act N 1096-IV
( 1096-15 ) (see 10.07.2003)
2. Credit union is a financial institution excluding the view.
the activities of which are the provision of financial services stipulated by this
By law.
Article 2. Basic principles of credit union activity
1. The activity of the credit union is based on such basic
-Principles:
The goodwill of entry and freedom of withdrawal from a credit union;
The equities of the members of the credit union;
Self-governance;
Glassiness.
2. According to the principles defined in Part One
article:
no one can be forced to join the credit union, but
exclude from members of the credit union is allowed only in cases,
The statutory status of the union;
all members of the credit union have equal rights, including the
the case of the vote at the general assembly, regardless of size
Rations and other contributions;
prohibited any intervention in credit card activity
The unions, with the exception of cases prescribed by the law;
The credit union is obliged to provide full and timely
Informing their members on their own activities, on their own
request to familiarize the protocols of the general assembly and meetings
other credit union controls, issuing copies
documents and extract from them in the order defined by the statute.
Article 3. Legal status of credit union
1. Credit union is a legal entity and has an independent
balance, bank accounts that open and use according to
legislation in self-selected banking institutions, as well as
May have seals and forms, their own symbolism. {Part of the first article 3 with changes made under the Act
N 1206-VII ( 1206-18 ) of 15.04.2014}
2. Credit union acquires the status of a legal person since
Her state registration.
3. Credit union can teach from his name of contracts and
other agreements that do not contradict this Act, other
the legal act and the statute of the credit union, to acquire
new and non-master rights, to have the duties stemmed from
legislation of Ukraine and applied credit union agreements, to be
the plaintiff and the defendant in the courts.
4. Credit union cannot be the founder, co-founder
or a participant of the subject (subjects) of business activities,
other than the local cooperative bank, as in Ukraine, so
And beyond. A credit union can be a founder (participant)
of legal entity, handling, processing, storage, protection and
and the use of information on the legal or physical person regarding
That's a credit call. (Part 4 of Article 3 of the
Under the Act N 2704-IV ( 2704-15 ) From
23.06.2005)
5. Credit union is acting on self-funding, carrying
responsible for the consequences of their activities and execution
commitment to its members, partners, public and
Local budgets.
6. Credit union is responsible for its
Obligations within the value of the property that it belongs to
Property.
Article 4. Limiting the use of the term "credit union" in
names of enterprises, institutions and organizations
Businesses, agencies and organizations do not have rights
use in their names the term "credit union" and
are not subject to the state registration under the names which
include this term if they are created in another order than it is
is provided by this Act.
Article 5. Legislation on Credit Union
Credit unions in Ukraine act according to this Act,
other laws of Ukraine and issued according to them
Legal and regulatory acts.
Chapter II
ORGANIZATIONAL ARRANGEMENTS FOR CREATION AND ORDER
TERMINATION OF CREDIT UNIONS
Article 6. Creating a credit union
1. Credit union is created on the basis of the establishment decision
Okay? The number of founding members of a credit union cannot
be less than 50 people who according to this Act may be
members of the credit union and combined at least one of the following
features: have a shared place of work or study or belong to
one professional union, union of professional unions, another
public or religious organization or residing in one
village, village, city, area, area. {Part of the first article 6 with changes made under the Act
N 1096-IV 1096-15 ) from 10.07.2003}
2. The decision to create a credit union is decorated
the protocol of the constituent assembly, which is signed by the Chairman and the Secretary
Okay?
3. The non-negative part of the protocol is the registry of persons who have taken
Participation in the constituent assembly (s). In Registry
necessarily noted surname, name and by parent, data
its passport of the citizen of Ukraine or passport documents
foreign, address and other information confirming the presence of
features listed in the first section of this article. Data about person
She's got her personal signature. {Part of the third article 6 with the changes in the Act
N 5492-VI ( 5492-17 ) 20.11.2012}
4. The constituent assembly approves the statute of the Credit Union,
choose its controls, authorize individuals to conduct the
public registration, decide on other issues related to
creating a credit union.
Article 7. Status of Credit Union
1. Credit union acts on the basis of a statute not contradictory
Legislation of Ukraine.
2. The status of the credit union is necessarily noted as follows:
The naming of a credit union and its legal address;
The purpose of creating and completing a credit union;
Sign of membership in credit union;
the order and activities of the credit management bodies
The unions, the order of formation of branches and departments, their powers;
The rights and duties of the members of the credit union;
conditions and order of admission to the credit union, order of
Termination of membership
The order of payment of introductory and other contributions;
sources of entry and order of the use of funds and other
credit union property, including the order and conditions of providing
credits to members of the credit union, order of formation and
The use of funds produced by the union;
Reporting and monitoring activities
Credit union authorities;
the order of making changes and additions to the credit status
Unions
the order to end credit unions and solutions
Major issues in relation to its liquidation (reorganization);
The order of covering possible damage to the credit union;
The order of the income distribution of the credit union.
The credit union statute may contain other provisions regarding the
organizational, economic and other matters of its activities.
Article 8. State registration of a credit union
{Title of Article 8 of the changes under the Act
N 222-VIII ( 222-19 ) 02.03.2015}
1. State registration of credit unions
National Commission for State Regulation
financial services markets (further-authorized body), respectively
to the requirements of this Act and regulations of the Commissioner
Organ. {Part of the first article 8 with changes made under the Act
N 3610-VI ( 3610-17 ) of 07.07.2011}
2. For public registration of the credit union, such
Documents:
A statement of the established model on the state registration of the credit
Unions
The Protocol of the constituent assembly, which is added to the registry of persons,
which took part in the constituent assembly (the list of founders of the credit
Unions);
status of credit union ( v0338486-08 );
A copy of the payment document for the registration fee.
The credit union ' s charter is signed by the head of the observed
for the sake of a credit union, the authenticity of the signature should be
It's a notarized witness. {The sixth part of the second article 8 in the
revision of Act N 1253-VII ( 1253-18 ) From 13.05.2014}
The authorized body is prohibited from requiring credit.
The transactions are not provided by the Act.
3. State registration of credit unions
presence of all necessary documents within a single calendar
A month
Registration of credit unions is carried out by way of
appropriate entry to the state registry of financial institutions
( z0847-04 ) (Next-State Registry).
The Commissioners shall issue a credit union certificate of
state registration under form (s) z0797-03 ), installed
Authorized by the organ.
Credit union accommodates in relevant media.
the information identified by the Commissioner of State, the
registration.
In case of violation of the established loan order
unions or inconsistencies of the constituent requirements of this
The law of the Commissioner's authority refuses to register
for one calendar month. State of State
registration cannot be made from other grounds other than the specified
in this article. In case of failure to register a credit card
The union is given a written reference for reasons of failure.
The denial of registration as well as the call from her by
be challenged in court.
For three months from the state registration of the loan
The union is obliged to develop and approve of the requirements
of this Act, other laws and regulations
The authorized body of relevant internal provisions and procedures
to ensure the effective and secure activities of the credit
unions according to the list ( z1078-03 ), defined
Regulations and regulations
A credit card.
About the changes made in statutory documents, credit union official
reports in the 5-day line of the Commissioner ' s Authority.

{Part of Article 8 is excluded based on the Law of the
N 222-VIII ( 222-19 ) 02.03.2015}

Article 9. Termination of credit union activities
1. Credit union ceases operations by its means
Reorganization (merger, accession, division) or elimination.
The credit union is considered to have stopped.
activities, after writing to the State Registry.
2. The reorganisation of the credit union is made by the decision of its
Superior authority.
3. The liquiration of a credit union is made by:
By the decision of its highest management body;
-based on the decision of the Commissioner for the Abolition
public registration of a credit union in connection with the detected
the facts of falsification or distortion of information that was filed
the credit union at the time of its state registration and had substantial
values for the adoption of the relevant decision by the Commissioner-General.
Such a decision by the Commissioner can be challenged by the credit
The union is in court;
by the decision of the court, including in the case of activities without
an appropriate license or activity banned by law, in case of
The insolvency of a credit union, in other cases,
by the law, under the representation of the Commissioner of the Commissioner,
members or creditors of a credit union.
4. In case of a decision to eliminate the credit union
by the decision of its higher management body it must unfold
Written to the Commissioner of the Commissioner of
the relevant public register of information about the credit card
The union is in the process of ending its activities. In addition,
The message has to contain suggestions for the commission or the person
The Committee on the Elimination of Discrimination against the
Liquidator (s) (next to the commission), order and lines of termination.
The authorized body shall be within 5 days of the accession
such a message to agree to him or to make his suggestions.
Execution of the commission ' s functions can be relied on
I'm sorry.
It has been transferred to the Commission since it was assigned to the Commission.
the authority to manage the affairs of the credit union. Commission
on behalf of the credit union that stops activity, acting in
Court.
The commission is placed in the relevant media, in
That's why they're being published on the state registration of a credit union,
It doesn't work, that stops the activity.
such unions and the order and lines of the application of the requirements of its
by the creditors. This row cannot be less than two months from the moment
publication of a credit-based termination message
The unions.
The Commission takes all possible action to detect
creditors and to inform them of the termination of activities
The unions.
Creditors of a credit union that stops activities can
require termination or pre-term execution of obligations
And damages.
Reorganizing the credit union after the end of the line
to show the requirements of creditors and the pleasure or deflation
of these requirements is a transferable act (merger, accession)
or a distribution balance (division) that must contain position of
The succession to all the obligations of the credit union, which
stops activities concerning all its creditors and debtors,
including the obligations that are challenged by the parties.
The transfer act and the distribution balance are approved
the body that made the decision to end the loan activity
The unions.
Copies of the transmitting act or the balancing balance,
approved by the body that made the decision to end the activity
The credit union is referred to the Commissioner of the Authority. Assigned
copies are worn notarally or may be attested
The official authority of the authorized body. {Paragraph 10th paragraph
fourth Article 9 in the edition of Act N 1253-VII ( 1253-18 ) From
13.05.2014}
A violation of this order is the basis for failure in the
State Registry on the termination of the loan activity
The unions and the state registration of the offenders were created.
5. To eliminate the paid credit union of its requirements
The creditors are satisfied in such a draw:
1) primarily meet the requirements of credit
unions and members of the liquidation commission associated with labour
relationships, and requirements for payment of insurance contributions to
Universal Public Social Insurance; (Para. 1)
Part 5 of Article 9 of the changes made under the Act
N 3108-IV ( 3108-15 ) 17.11.2005)
(2) to the other, the requirements for the contributions of members are met
Credit unions on deposit accounts and creditors ' requirements,
Provided or otherwise provided;
3) in third, tax requirements are met;
(mandatory payments);
4) in the fourth place, all other requirements are met.
In case of liquidation of the liquidation commission in the satisfaction of the requirements
The creditor or evasion of their review the lender has the right to
Approval of the liquidation balance
liquidation commission. By the decision of the court, the creditor requirements
are included in the elimination balance and are satisfied
-Yes, sir.
Creditor requirements declared after a split line set up by the
The liquidation commission for their appearance is met with
credit union property left after meeting requirements
The accounts payable in a timely manner.
Creditor requirements not recognized by the liquidation commission
if the lender did not address the lawsuit with the lawsuit, the requirements,
satisfaction with the decision of the court to the creditor denied, the requirements not
are satisfied with property marriage, are considered to be extinguished.
6. If the value of the credit union property is insufficient for
the satisfaction of creditor requirements, it eliminates in the order of
By the Law on the Bankruptcy Act. Termination of activities
A credit union in the process of restoring her solvency or
The bankruptcy is determined by law
7. In order to eliminate the union of the reserve and
additional capital after calculations with members of the union and others
The creditors are credited to the State Budget of Ukraine.
8. After completing the liquidation of the credit union
The Commission consists of the elimination of the
The authorized body for approval and is a basis for
The exclusion of such a credit union from the State Registry.
Chapter III
MEMBERS OF THE CREDIT UNION, THEIR RIGHTS AND DUTIES
Article 10. Credit union membership
1. Members of the credit union may be citizens of Ukraine,
foreigners and persons without citizenship who are permanently residing
Territory of Ukraine, combined at least one of the features of the
in part of the first article 6 of this Act, have full civil
capacity, subject to the limitations provided by the second
in this article.
2. Cannot be accepted to the credit union of the person who
the decision of the court is found to be deemed incapacitated or restricted
persons who take punishment in the form of incarceration, and
Persons who have an unclaimed criminal record for corrective crimes.
3. Acceptance of the credit union and the exclusion from its roster
to be seen from a written statement of the person by decision
The observation board of the credit union, except for cases of termination
a membership in connection with the death of a person or the exception of a member for
the decision of the general assembly in the event of a violation of the
The unions.
4. Changing the features mentioned in part 1 of this article
By law, there is no need to end membership in the lending union.
5. The membership in the credit union becomes the payment of a person
Introductory and mandatory rations in order,
A loan-based credit union charter. First to be paid
An introductory contribution.
In case of entry and mandatory rations paid
in different days, first day of membership is considered a day of payment
Mandatory rations.
6. Day of termination of membership in the loan union is considered
The day of acceptance by the general assembly of the members of the credit union or
The observation board of the credit union of the relevant decision.
7. In case of termination of the membership of the physical person in credit
The union does not return. Return
Mandatory rations and other contributions except for the entrance fee,
be in the order stipulated by the credit union status,
but not later than one month after the adoption of the general
the meeting or observation board of the relevant
the solution. The return of the tabs will be made by mutual consent.
or not later the line predicted by the treaty.
8. Members of the credit union are responsible for
The obligations of a credit union only within their rations.
Article 11. Credit union members ' rights
1. Members of the Credit Union are entitled to:
participate in the management of the credit union business, choosing
And be elected to its bodies of governance;
introduce proposals for consideration of the credit management bodies
Unions
receive from credit union with credit and use
other services provided to members of the credit union respectively
to its charter;
Receive information about the activity of the credit union,
familiarity with the annual balances, financial reports,
The Protocols of the Credit Union and Other
Documents on the activities of the credit union;
Receive income on their good contribution if not otherwise.
Provides a status of a credit union;
get out of the members of the credit union in order predicted by this
The law and the status of the Credit Union.
2. The members of a credit union also have other rights provided for
legislation of Ukraine, statute and other acts of credit
The unions.
The order of the implementation of the specified rights is defined by the Act,
Other regulations and regulations on the credit union.
Article 12. Duties of the members of the loan union
1. Members of the credit union are obliged to:
add to the statute and other acts of the credit union,
Carry out the decisions of its Government;
participate in the formation of credit union property, in particular
pay the cash form to the entrance, mandatory rations and other
sizes, rows, and in order defined by a statute
Credit unions;
do not share sensitive information about activities
A credit card.
2. The members of the Credit Union perform other duties as well,
By the Constitution of Ukraine, by statute and other acts
A credit card.
Chapter IV
MANAGING CREDIT UNION
Article 13. Management of the Credit Union
1. The Credit Union Authority is a general assembly
Members of the Credit Union, Observational Council, Revision Commission,
Committee and Board. The decision of the General Assembly
The credit union can be created by other management bodies.
2. The credit union controls are created and active in the
of the order defined by this Act, other regulations
the acts and status of the credit union.
Article 14. General Assembly of Credit Union Members
1. The highest management body of the credit union is the general assembly
Its members.
2. General assembly of credit union members may accept
the decision on any issues of the credit union ' s activities.
To the exclusive competence of the general assembly members of the Credit Suisse
The unions are:
approval of the status of the credit union, making changes
And additions;
Election and revocation of the members of the observational council and the revisionist
Commission;
approval of the annual results of the credit union activity,
reports of the observational council, board and credit committee and
Conclusions of the revision commission. Annual Report Results
credit union activities are approved by general assembly only
In the presence of a conclusion of the revision commission;
the decision to increase the credit capital of the credit
unions by increasing the size of mandatory rations or
Make additional rations;
deciding on the order of income distribution and coverage
Damage to the credit union;
approval of the observation council, the revision
Commission, Credit Committee and Government;
Adoption of the agenda.
The status of a credit union can be identified by other issues,
The President of the General Assembly of the United States of America
3. Message of the convening of the regular general assembly
members of the credit union must be made not later than 30
Calendar days before the meeting convened with time and place
their conduct and agenda by sending a written statement
inviting a letter to each member of the credit union behind the place of his
Residence or presentation of such written invitation personally
a member of the credit union under the caption. Message Day
It is the day of the invitation of the invitation of the invitation of the
an invitation to personally membership of the credit union. Before Invitation
added a written annual report on the activities of the authorities
The credit union and its annual financial report.
The message of the convening of the last common assembly should be
be published not later than 30 calendar days before
Convening of meetings in the relevant media in which
are published on the state registration of a credit union.
The general assembly is considered legal, if applicable.
represented at least 50 percent of the members of the credit union
personally, or on behalf of other members of the credit union.
Voting at the general assembly takes place on principle-one
a member of the credit union, present at the meeting, has one vote.
4. The decision of the general assembly of the credit union members
The termination of credit union activities is considered acceptable if
He voted no less than 75 percent of the members of the loan
the unions present at the general assembly. On other issues
are accepted by a simple majority of the members of the credit union members,
are present at the general assembly.
Order of voting at the General Assembly General Assembly
The unions are determined by the status of the credit union.
5. The decision of the general assembly of the credit union members
is decorated with a protocol signed by the chairman and the secretary
Okay?
The protocols are mandatory for storage according to
legislation of Ukraine. On request of members of the credit union,
are issued to familiarate the protocols of the general assembly, as well as
the chairman of the board of the credit union, excerpts from the protocols.
6. General meeting of members of the credit union is convened
The observation board in the line predicted by the credit status
But not less than once a year.
Extraordinary General Assembly of Credit Union Members
are convened by the observation board of the credit union from its own
initiatives in any case, if that need interests
credit union, as well as a requirement for a revision commission or no less
as 20 percent of the members of the credit union. If within 20 days of
the day of receipt of such a written requirement of the observation board of the credit
The unions will not execute the specified request and will not make a message
to members of the convening of the extraordinary general assembly, the revision
a commission or members of a credit union right to call themselves
An extraordinary general meeting.
The Extraordinary General Assembly notice should be made
in the rows set in the part of the third of this article. In case
Convening Extraordinary General Assembly Together with a Message
members are sent to the materials that are relevant to the cause
Call for such a meeting.
Article 15. The observation board of the credit union
1. The cautious council represents the interests of the loan members
The unions are between the general assemblies.
The observation board of the credit union is accountable to the general assembly
members of the credit union and within the competence defined by this
The law and statute of the credit union, controls and regulates
the activities of the board and the credit committee.
2. To the competence of the credit union observation board
is in:
Approval of the provisions of the provision of services,
predicted by the Act and the status of the credit union,
Credit unions;
The establishment of loans provided by the lending union;
deciding on the adoption of new members to the credit
Union membership and termination of membership in the credit union;
approval in cases stipulated by the credit card
The unions, decisions of the credit committee on the granting of credit;
defining order of decision making on acquisitions and sales
The property of the credit union, the use of temporary free funds;
The approval of the kottoris and the staff of the credit union;
approval of the position on the structural units of the loan
Unions
the appointment of chairman and board members as well as members
The Credit Committee;
determining qualifying requirements for members of the loan
the committee, credit union workers and involved in the contractual
conditions of experts according to regulations
The authorized body and the status of the unions;
accepting the credit union admission decision to the association
credit unions and/or combined credit union and exit from
of such associations and/or a combined credit union if these
the question of the credit union status is not excluded.
The competence of the general assembly of members of the Credit Union.
The observational Council decides and other matters of credit.
unions, except those belonging to the exclusive competence
The general assembly of the credit union members.
3. The credit union board is elected general
The members of the loan union members are at least five.
Members of the observational council work on public services and not
may be individuals who are in labor relations with
Credit union. Order of the election of the observed board and its lines
the powers are determined by the statute of the credit union.
4. The organized form of the observation board is
A meeting that won't be less common once per quarter.
Extraordinary meetings can be convened at the urging of half
members of the observational council, as well as the appeal of the board
A credit card.
The observational Council is right to make decisions if its
The meeting is attended by more than half its members.
The decision of the observation board is considered acceptable if
voted not less than half of the members of the observational council, which
participate in the meeting.
The decision of the credit union observation board is decorated
a protocol which is signed by the head of the observational council. Protocols
is mandatory for storage according to the legislation
Ukraine. On demand of credit union members, they are issued for
Familiarity with the protocols, as well as witnessed by the head of the board
The credit union is extracted from the protocols.
5. The stereoscopic speaker of the credit union is headed by a head that
is chosen in the order defined by the statute of the credit union.
The head of the observational council organises the work of the observation board
A credit union, votes at her meetings and reports the work.
The observational council at the general meeting of the members of the credit union.
The head of the credit union observation board carries personal
the responsibility for the execution of the schedules on the observation board
Tasks.
Article 16. Government of the Credit Union
1. The credit union board is the executive body that
Does the management of its current activity. Rule consists of
from persons who are in labour relations with the union.
2. The Board decides all matters of the credit union
Except for those belonging to the competence of the general assembly,
of the observational board and the credit committee. The observable board can
Accept the decision to delegate the part of the proper authority
to the competence of the board other than those assigned to the statute
A credit union to its exclusive competency.
The Board is accountable to the general assembly and the observable council
The credit union and organising the implementation of their decisions.
The Board acts on behalf of a credit union within,
to be predicted by this Act and the statute of the union.
3. The work of the rule governs the head of the board which
is appointed by the observation board.
4. Chairman of the Board of Credit:
without an errand represents the interests of the credit union and acts
from her name;
represents a credit union in its relations with the state,
Other legal and physical persons;
make treaties and other agreements on behalf of the credit union,
Signs the assignment of actions on behalf of the credit union;
Disordered by the master of the credit union in order and within
The legal status of the Credit Union;
Prepares the presentation of the observational council on purpose and release
members of the board of credit unions, appoints to positions and frees
of the office of the credit union workers, applies to them
promotion and leathing according to legislation, use
Training and promotion of workers ' qualifications
Credit unions;
solves other issues of the credit union, respectively
to this Act and the statute of the credit union.
The head of the credit union board carries personal
responsible for the execution of the tasks laid down on the board.
Article 17. Credit Association Credit Committee
1. The Credit Union Credit Committee is a special body,
responsible for organizing the loan activities of the unions.
The credit committee is appointed by the observation board and
Accountable to the general assembly of the members of the Credit Union and
The observational council is responsible for them
The effectiveness of the lending activities of the union
2. The Credit Committee is appointed by the observation board in
There are no fewer than three people. Credit Assignment Order
Committee, date and order
are determined by the statute of the credit union and the terms of credit
Committee.
Members of the credit committee may be members of the observed
For the sake of government and other persons. Members of the loan committee,
that are not members of the observation board or the rule of a credit union,
for work on a credit committee can predict the reward,
the size of which is determined by the observation board depending on the volume
the work and qualifications of the committee member.
When deciding to grant a credit to a credit membership
The speaker appointed by the credit committee, such a member
The loan committee cannot participate in the adoption of this
the solution.
The chairman of the credit union board is a member of the credit
Committee on the position.
3. To the competence of the credit union credit committee
Of:
consider the statements of credit union members about the granting of credits and
Making decisions on these issues;
Control of the quality of the loan portfolio;
solutions to other issues related to credit,
under this Act, the statute of the credit union and the provision of
The credit committee.
Article 18. Revision Commission of the Credit Union
1. Monitoring of the financial and financial activities of the loan
The union exercises a revision of the commission.
The revision commission is accountable and responsible to the general
The meeting of the members of the credit union.
2. The revision commission is elected by the general assembly of members
The credit union is composed of at least three people working for
A public service. Order of election of the revision commission, lines
the authority and order of its activities are determined by the statute
A credit card.
Members of the Revisional Commission cannot enter members
the observational council, board, credit committee and person who
are with a credit union in labor relations.
3. Test of financial and financial results
The credit union is held by a revising commission not less than one
Once a year. Unscheduled inspections by decision
The observational board or demand of no less than 20 per cent of members
A credit card.
The Revision Commission reports on the results of the
the checks of the general assembly of the members of the credit union and the observable
Welcome to the credit union.
4. At the request of the Revision Commission, they are granted any
materials, accounting and other documents, as well as explanation
The officers of the credit union.
Revision Commission of the Right to Agreement with the Observance Board
engage in contractual services prior to conducting the checks of external
experts on the number of persons who are not in labour relations with
Credit union.
5. The revision commission is concluded by the annual reports of the
The results of the loan activity.
6. The Revival Commission may temporarily terminate the powers
any credit union official in case of detection
Violations of financial stability
A credit card. If there is a threat to the existence of a credit union
The revisionist commission convenes an extraordinary general meeting.
Section V
(...) (...)
Article 19. Credit Union Property
1. The main credit union is formed by:
Introductory, mandatory rations and other membership contributions
Credit unions (except contributions (deposits) on deposit accounts);
pay fees for their members of the loans and other services, and
Also income from the failure of other types of statutory activity;
income from acquired by credit union of state securities
Papers;
money and other major donations, charitable contributions,
Grants, free technical assistance to both legal and legal
Individuals, including foreign persons;
No, no, no, no, no, no, no.
2. The main credit union is its property. Credit union
Owns, uses, and is properly ordered by the master.
according to the law and its charter.
Article 20. Capital, reserves and other credit union funds
1. Capital of a credit union consists of a rations,
backup and additional capital, as well as leave
the unallocated income of the union and cannot be less than 10 percent
From the sum of its general obligations.
2. The payoff capital of the credit union is formed by the expense of
Mandatory and additional members of the members ' membership
A credit card.
3. The Reserve Capital is designed to reimburse possible
damage to the credit union, which cannot be covered by the account
The current year's revenue, providing platformer
The credit union and the protection of the savings of its members.
The reserve capital of the credit union is formed at the expense of
Introduction of credit union members and share of income
The credit union until the point of achievement is not less than 15 percent
from the amount of assets weighted by the risk of a credit union. Statute
The credit union can be predicted and other sources of formation
Reserve capital.
In order to eliminate the unions of the reserve of reserve capital
It is in the State Budget of Ukraine.
4. The additional capital of the credit union is formed by
the target contributions of members of the union, the beneficiaries of the physical and
Legal persons, free of charge of property and non-negotiable means.
In case of liquidation of the surplus of additional capital
It is in the State Budget of Ukraine.
5. The decision to use capital to cover damages
The credit union is accepted by the credit union observation board in
the order defined by the legislation and the decision of the general assembly
Members of the credit union.
6. To cover the alleged damage from non-return
loans by credit union through a portion of the loan revenue
The unions are formed to reserve loss coverage from
The unreturned loans. Order of the formation and use of the reserve
ensuring loss coverage ( z0148-04 ) is defined by the Commissioner
Organ.
7. Credit union creates other reserves and funds respectively
to the normative acts of the authorized body, statute and
The decisions of the General Assembly of the Credit Union.
Article 21. Business Activity of Credit Union
1. Credit union according to its charter:
accepts introductory and mandatory rations and other contributions from
Members of the union;
provides credits to its members on the terms of their pay,
In cash and in cash and in cash.
Receive credits on behalf of the credit union members may also
Farmers and private businesses that are in
In their property. Credit size given to one credit member
unions, cannot exceed 20 percent of the capital ' s capital
unions; (Abzac the third part of the first article 21 with changes,
by Act N 2454-IV ( 2454-15 ) 03/03/2005)
involved in the contractual conditions of contributions (contributions) of its members to the
Deposit accounts both in cash and in cash.
The obligation of a credit union before one of its members cannot
be more than 10 percent of the total commitments of the credit
Unions
Serves as a sponsor of the execution of a member of the obligations of
Before the third party;
places the temporary free funds on deposit accounts in
the institutions of banks that have a license to work with deposits
citizens, united by the credit union, and also acquire state
securities, list (s) z1444-04 ) to be established
Authorized by the body and the pai of the cooperative banks;
is involved in the contractual terms of lending to banks, loans
merged credit union, funds from other institutions and organizations
solely to provide loans to their members if another is not
established by the decision of the authorized body ( z0916-05 ). Total
the amount of involved funds, including loans, cannot exceed
50 percent of the cost of general obligations and capital of credit
The unions at the time of engagement;
provides credits to other credit unions if not otherwise
Established by the decision of the authorized body;
Serves as a member of payment systems;
pays for the responsibility of their members the cost of goods, works and
Services within the scope of the loan;
Failure of charitable activities at the expense of the
This is the case.
Failure by the lending union of another activity, except for
By this Act, it is not permitted.
Services to members of the management bodies and employees of the credit
unions are provided on conditions that cannot be different from
and the requirements of the avoidance of conflict
interests.
2. The Credit Union shall have the right to install:
the size of the fee (percentage) that is distributed to the pub
Membership fees and contributions (contributions)
are on the deposit accounts of the members of the Credit Union;
the size of the payments made by the credits provided
Credit union;
prices (tariffs) on services provided by the credit union;
the types of loans provided by the credit union, the terms of delivery
and the return lines of the credits;
ways to provide credit obligations, requirements for
Payment of credits.
3. Non-distributed income
The credit union behind the financial year is distributed over
the decision of the general assembly, including between members of the loan
unions, in proportion to the size of their rations in the form of interest
(Percentage). This is the first time that this is done.
Replenishment of capital and reserves. Amount of income that is distributed
For additional rations, it is determined by the following
the conditions that the yield of additional rations membership cannot be
exceed more than twice the average interest rate.
Deposit of contributions (contributions) of credit union members on deposits
the accounts for their presence. The rest of the income left after
shaping capital and reserves and distribution to additional rations
Membership fees, are distributed to mandatory field membership.
Fees.
4. The credit union is covered in order
defined by the overall credit union assemblies according to
of this Act and the normative acts of the Commissioner of the Commissioner.
5. Credit union and its officials are required to keep
a secret about accounts, contributions and other financial transactions,
The members of the board are members of the loan.
Restriction on receipt of credit union information,
provided by this part, do not apply to workers
Authorized body that acts within the limits of authority.
Law of Ukraine " On Financial Services and State Regulation
financial services markets ", as well as the central executive
power, which implements state policies in the field of prevention and
The opposition to the legalization of the criminal case
by financing of terrorism and the financing of distribution
weapons of mass destruction, in cases defined by the Law of Ukraine
" On prevention and opposition to the legalization of income,
of criminal offence, financing of terrorism and financing
Proliferation of weapons of mass destruction " ( 1702-18 ). {Part 5 of Article 21 is supplemented by a new paragraph according to
Law N 1702-VII ( 1702-18 ) From 14.10.2014}