Admission to the membership of the credit union is carried out on the basis of a written application of the person by decision of the Board of the credit union.
A person becomes a member of a credit union on the condition that:
1) compliance with the sign of membership;
2) submission of an application to join a credit union;
3) the decision of the board to admit a person to the credit union;
4) payment of the initial and mandatory share contributions, which is confirmed by relevant documents.
The payment of the introductory and mandatory share contributions will take place only after the board of directors adopts a positive decision on admission to the credit union.
First of all, the entrance fee is paid. In the event that the introductory and mandatory share fees are paid on different days, the first day of membership is considered the day of payment of the mandatory share
contribution in full.
Initial and mandatory share contributions can be made exclusively in cash, both in cash and in non-cash form.
A person’s application to join a credit union is made in writing according to the prescribed form, and is considered by the board of the credit union at the next meeting after the application is submitted.
The size of the mandatory share contribution is the same for all six members of the credit union and is 1 (one hryvnia). The person pays the mandatory share contribution within 10 days from the day of the decision by the management body of the credit union to admit the person to the union. Mandatory share contribution – a mandatory return contribution made by a person upon joining a credit union.
The amount of the entrance fee of a member of a credit union is the same for all members of the credit union and is established by the decision of the general meeting of members of the credit union as a fixed amount of 10.00 (ten hryvnias 00 kopecks). The person pays the entrance fee within 10 days from the day of the decision by the management body of credit unions on admission of a person to the union.
Credit union members have the right:
1) participate in the management of the credit union, elect and be elected to its governing bodies;
2) submit proposals for consideration by the governing bodies of the credit union;
3) receive loans from the credit union and use other services provided to members of the credit union in accordance with the Charter;
4) receive information on the activities of the credit union, familiarize themselves with the annual balance sheets, financial statements, minutes of meetings of the union’s governing bodies and other documents on the activities of the credit union;
5) receive income on your share contribution, unless otherwise provided by the decision of the general meeting of the credit union;
6) withdraw from the members of the credit union in the manner prescribed by the Law of Ukraine “On Credit Unions” and the Statute.
Members of the credit union may have other rights that do not contradict and are provided for by the current legislation of Ukraine, the charter and other acts of the credit union.