Democratic Structure

Open and Voluntary Membership

Membership in a credit union is voluntary and open to all within the accepted common bond of association that can make use of its services and are willing to accept the corresponding responsibilities.

Democratic Control

Credit union members enjoy equal rights to vote (one member, one vote) and participate in decisions affecting the credit union without regard to the amount of savings or deposits or the volume of business. Voting in credit union support organisations or associations may be proportional or representational, in keeping with democratic principles.

The credit union is autonomous, within the framework of law and regulation, recognising the credit union as a co-operative enterprise serving and controlled by its members.


Credit unions are non-discriminatory on all grounds including but not limited to race, nationality, sex, religion and politics.

International Co-operative Alliance