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EN
'SKOK' credit unions emerging from the famous Stefczyk credit union tradition run diverse activities although within certain subjective and objective boundaries. 'SKOK' credit unions can act only on behalf of their members and they can only act according to the enumerative list of activities listed in the Cooperative Credit Union Act. One of the essential services operated by the credit unions is running members' accounts. There are two regulations concerning account's legal status. The basic aspects are determined by article 725 and following ones of the Civil Code. This regulation is therefore fully applicable to the credit union account agreement. Nevertheless, some specific question concerning bank accounts are regulated by the Banking Law. There is no particular paragraph referring to them. So those regulations can be applied by analogy although not all of them are applicable. The credit union accounts are - in many legal Acts - as a rule treated equally as bank accounts in ability to payments to and from the account. Yet the lawmakers are not being fully consequent as some Parliamentary Acts (like for instance the Non-Professional Soldiers' Benefits Act) stipulate that some benefits can be paid only to the bank account and not to the credit union account. In author's opinion this is infringing of Polish Constitution and the regulation should be changed de lege ferenda.
EN
The changes in money market rates and the profitability of Treasury securities cause reaction of not only banks but also the Co-operative Savings & Credit Unions (PCU). The article analyzes the conditions of changes in interest rates of deposits in PCU. They may change deposit interest rates in case of changes of: National Association of Co-operative Savings & Credit Unions' interest rates, interest rates in banks, the National Bank of Poland base rates, the money rates in the interbank market, yields of Treasury securities and inflation. Using the statistical material collected in years 2005-2008 the strong positive dependence between the investigated determinants and the credit unions' deposit interest rates was confirmed.
EN
The present paper aims at analysing the content of Article 18 in the Cooperative Law Act of 16.09.82, modified in the Act of 3.06.2005 on changes in the Cooperative Law (Article 3, point 1). The paper focuses on Article 18, paragraph 2 and 3, since the regulations it contains are of key importance for credit unions as well as for the register courts.
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