Encyclopedia

Financial Mutual Aid Fund


The Financial Mutual Assistance Fund — a source of loans provided to members of the credit cooperative (ceased to be in force as of 2015-06-01)1.

The Financial Mutual Assistance Fund — is formed from a portion of the credit cooperative's own funds and funds attracted to the credit cooperative in the form of loans received from members of the cooperative, associated members of the cooperative, and credits from credit and other organizations. Loans are provided only in cash form. The size of the financial mutual assistance fund, the procedure for its formation and use are determined by the charter of the credit cooperative and decisions of the general meeting of members of the credit cooperative (ceased to be in force as of 2015-06-01)2.

The financial mutual aid fund — monetary funds used by a consumer credit cooperative of citizens to provide loans to its members; it is formed from the own funds of the consumer credit cooperative of citizens and personal savings of its members3.

The financial mutual aid fund — a source of loans provided to members of the consumer credit cooperative of citizens4.

  1. Federal Law No. 193-FZ dated December 8, 1995 "On Agricultural Cooperation", as amended on June 11, 2003, Article 40-1, paragraph 1, which ceased to be in force from June 1, 2015 // RSZ RF. 1995. No. 50. Art. 4870. ↩

  2. Federal Law No. 193-FZ dated December 8, 1995 "On Agricultural Cooperation", as amended on November 3, 2006, Article 40-1, paragraph 2, which ceased to be in force from June 1, 2015 // RSZ RF. 1995. No. 50. Art. 4870. ↩

  3. Federal Law of 07.08.2001 No. 117-FZ "On Consumer Credit Cooperatives of Citizens", amended on 2001-08-07, Article 3 // RSZ RF. 2001. No. 33. Article 3420. ↩

  4. Federal Law of 07.08.2001 No. 117-FZ "On Consumer Credit Cooperatives of Citizens", amended on 2001-08-07, Article 16, paragraph 1 // RSZ RF. 2001. No. 33. Article 3420. ↩

Laws with commentary

Codes and federal laws