Credit Union in the Republic of Croatia start to operate with the transformation of cooperative savings organization under the Act on Credit Unions and authorization obtained from the Croatian National Bank. All important areas of credit unions and their operation on the territory of Croatia are prescribed in the Act and regulations. It is prescribed and mandatory reporting to the Croatian National Bank. Credit unions are financial institutions aimed at the achievement of mutual interest and financial reciprocity members rather than making a profit , while doing Statutory duties . Members can join the Union on the basis of some of the principles prescribed by the Act . One can speak of : the principles of employment , occupation or territorial principle or another principle which ensures the achievement of the basic goal of joining the Union, ie . the realization of common interests of associated members and financial solidarity. Credit Union has a share capital of which is determined by statute and is divided into membership interests that must be equal for all members. Statute of the Union is adopted by the founders of a credit union in a public notary in the establishment. Union can be established by at least 30 people who meet the conditions determined by law to be members. The law defines who can be a member of the Union as well as the rules in the establishment. The credit union has the management and supervisory boards and the Assembly who guide and monitor the operations of Union, decide on the entry of members in the Union, representing it etc. Every body must act in accordance with the law and statute. Credit Union affairs include receiving cash deposits of members in local currency, granting loans to its members in local currency, exchanging operations in accordance with the conditions defined by the regulations governing the operations of authorized transmissions, giving financial assistance to its members and to give guarantees for its members in local 31 currency. Credit Union Act defines the basis for bookkeeping and business reports and regulates the obligation of confidentiality. The law also stipulates forms of association of credit unions as well as rules that should be taken if this occurs . As a possible status changes of credit unions it is possible to specify the acquisition, merger of credit unions other , as well as their division . All rules and regulations on this issue are regulated . The credit union ceases by members of the Union on the termination , forced liquidation , bankruptcy and mergers and separation of credit unions .