Model Law on Credit Unions

The Model Law on Credit Unions provides a standardized framework for establishing, regulating, and supervising credit unions—cooperative financial institutions owned by members. It sets guidelines to ensure financial stability, prudent management, and protection of members’ interests. The law covers aspects like membership eligibility, governance, capital requirements, asset management, and operational practices. By following this model, countries aim to promote safe, sustainable, and accessible financial services for communities, encouraging economic development while maintaining oversight to prevent mismanagement and ensure trust in these member-focused institutions.