Edisi : Indonesia
Credit Union Pancur Kasih
Badan Hukum No.735/BH/X - 26 Desember 1996
Jalan 28 Oktober No1-7 Pontianak Utara 78241
Telp : 0561-881951, Fax : 0561-884660
email : cupkindo@gmail.com, info@cupk.org
Glossary of Credit Union Terms


Valuable things (example: home, land, vehicles) owned by individual or company



People who have not paid the primary deposit, formally they did not fill out the administrative requirement as stated in Credit Union Act/Bylaw, so they have not registered fully.




The specification of Credit Union Act/Statutes implementation. The rules in Credit Union bylaw are relative easier than statutes/acts.


Board of Directors

Some explanations about Directors:
The representative of members chosen at the Annual General Meeting in order to organize member in conducting cooperatives managements.
(the ministry of cooperatives and small and medium enterprises explanation)


Directors are the a board of cooperatives organization who have fully responsibility to operate all credit union activity as well be a representative for their cooperative both in and out of jurisdiction accord with Cooperative Acts regulation (Cooperatives Draft of Law)


Board of Directors was elected and dissmissed by the Member General Meeting. In this way, the Board of Directors is confident managing the Member meeting on implementing the strategic policy. Board of Directors have obliged to concrete the strategic policy relating to an organization or business. (Sitio and Tamba, 2001).


Board of Supervisor

Members choose them in Annual General Meeting to supervise the implementation of Credit Union especially an organization, institution, education, and training. Supervisors were chosen by the member and for the member. Supervisors have to supervise all of the activity in Credit Union based on Member annual general meeting. If they found a mistake, they have to discuss the problem with board of directors in order to decide a good decision. In the end, they report it to the Member annual general meeting.


Credit Union

A non-profit financial institution that is owned and operated entirely by its member. Credit unions provide financial services for their members, including savings and lending.



Valuable property owned by someone who wants to borrow money which they agree will become the property of the company or person who lends the money if the debt is not paid back



A payment made by a cooperative to its member, usually as a distribution of profits.


Directors decisions

The decision made by the board of Directors based on the meeting.


Economic Education

Economic education literacy for the new member in order to give knowledge to manage their money and reach prosperity. By joining credit union literacy education member will know their right and obligation besides managing their money.


Irregular member

Under 17 years old and economically depend on their parents or relatives


Kapitalization loan

Credit Union lend money to the member for increasing their account. Capitalization loan could not be used.


Loan bonus achievement

The amount of interest that will be given to the member for paying their loan based on the loan agreement.


Member interest

Sum of interest that will be given to the active member both saving and loan account.


Member transfer

Member administrative transfer from one office to another office in Credit Union.


Non-stock saving

Particular Saving account at any time can be withdrawn as long as the member does not have a loan.


Obligatory deposit


Certain amount of deposit that must be paid by the member to the Credit Union at the time and any opportunity. For example: each month with the same amount. Obligatory deposit cannot be withdrawn as long as being the member of the Credit Union.


Organization policy

The regulations or terms that are including member rights, obligations, and other provisions related to products and services in Credit Union operational activity.



Permanet deposit


The member must pay fixed installment for each month (including the total of deposits and interest). Member get an effective interest rate for each month, and the balance of interest will be added to the amount of the installment.


Primary deposit

An amount of money that must be paid by the member to the Credit Union at the first time joining as the member. Primary deposit cannot be withdrawn as long as being the member of the Credit Union. Each member pays equally for the total amount of the primary deposit at the first time joined.


Primary installment

Member pays different total of installment for every month including fixed installment and get an effective interest rate. So, member should pay fixed installment every month.



Cooperative income earned in a book year reducing costs, expenses, and other obligations including taxes in one book year. Profits have been reduced by reserve fund, distribute to the member comparable to the activity in the Credit Union. The income will be used for cooperative education and cooperative purposes in accordance to the decision of member meeting. In addition, as the profit and loss cooperative statement after tax (Profit after Tax)


Regular member


Adult members  who have 17 years old or have been married.


Statutes/ Act

Formal written enactment of statements, terms about organizations, work, business, obligations, risks that should be responsible, or  the conditions were caused the collapse of cooperative.


Reserve fund/capital

An amount of money that achieve from the amortization over profits that may arise in the future as well as the future cost of upkeep, divide to the member who resign from the member of Credit Union, however if the fund is set up to meet the costs of scheduled upgrades, less liquid assets may be used.


Saving interest


Sum of interest (money) that will be given to the member for being active in saving money.


Service area

Branch office to serve member in one area.


Service fee

Administrative fee which given to the member when loan disbursement.


Stock saving

A savings account by the member as the capital in cooperative (ownership saving by the member) consists of primary deposit and obligatory deposit.



Particular saving account that the deposit are done once in a time and it can be withdrawn only at a certain time accordance with the agreement between member and Credit Union.


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