Legal Determinants of Accountability of Credit Union Members

The financial crisis of 2007-2009 has triggered the development legal solutions aimed at reducing economic turmoil by, in particular, increasing responsibility shareholders institutions for failure latter. question include, inter alia, procedures forced restructuring and establishment level so-called MREL them. Counted among these are also credit unions, situation which entities shows a number peculiarities. They operate not profit, have highly dispersed ownership structure limited opportunities to raise capital and, above all, members union as cooperative society play dual role it - both that one service users (consumers). Polish lawgiver made national unions subject rules despite their exclusion from European law regulations force respect placed them within many two separate regimes under can potentially be applied. aim paper is consider whether taking into account adopted aforementioned may actually serve increase they co-own, looking broader perspective what extent generally contribute successful operation unions. In pursuit goal, attempts were combine dogmatic research (with employment verbal logic method) with an analysis functions norms achieving desired effects, values adhere on global scale cooperatives run "not charity, but serve”, motto reads. Thanks considerations done was ascertained burdening requirements been, fact, inappropriate solution, inadequate funds goals established, since outmost, protection consumers, small – risk business conducted by satisfy own needs.