Encyclopedia

Charges on unit contributions


Distributions on share contributions — monetary funds allocated from a portion of the credit cooperative's income, as determined by the results of its activities for the financial year, and distributed proportionally to the amount of each member's (shareholder's) share contribution of the credit cooperative, paid to members of the credit cooperative (shareholders), or added to the share accumulation (share) of a member of the credit cooperative (shareholder), in accordance with the bylaws of the credit cooperative and internal regulatory documents of the credit cooperative1;

  1. Federal Law No. 190-FZ dated July 18, 2009 "On Credit Cooperatives", as amended on July 18, 2009, Article 1, Subparagraph 13 // RSZ RF. 2009. No. 29. P. 3627. ↩