Credit Union Principles  
Credit Union Principles
 
Cooperatives around the world generally operate according to the following same core principles and values:
  • Voluntary and Open Membership

    Voluntary and Open Membership to persons willing to accept the responsibilities and benefits without gender, social, racial, political or religious discrimination.
  • Democratic Member Control

    Democratic Member Control which means owned and controlled by their members who have equal voting rights "one member one vote".
  • Members Economic Participation

    Member Economic Participation allows them to equitably contribute to, and manage the capital of the cooperative.
  • Autonomy and Independence

    Autonomy and Independence are maintained if an agreement is entered into with another organization.
  • Education, Training and Information

    Education, Training and Information are provided for the members so they can effectively contribute to the development of their cooperative.
  • Cooperation among Cooperatives

    Co-operation Among Cooperatives is necessary for the strengthening of the movement locally, nationally, regionally and internationally.
  • Concern for Community

    Concern for Community through sustainable development of the community, facilitated by policies approved by its members.
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