Оцінка діяльності кредитних спілок на фінансовому ринку в Україні

Abstract

The article is concerned with analyzing the current state of development of credit unions and carrying out assessment and structuring of the main reasons that hinder their further development. It is defined that today in the world the most common form of financial cooperatives are credit unions that provide loans to socially vulnerable segments of the population and provide financial support to small business entities, farms, which becomes especially relevant during the pandemic. Information on the volume of activities of credit unions in some countries of the world and in Europe is provided. It is noted that the activities of credit unions in Ukraine are at an unsatisfactory level, as a result of the crisis in credit unions, the quality of loan servicing began to deteriorate. Overdue arose not only for consumer loans, but also concerning the loans for business needs. The current situation is analyzed and the main stages of development of credit unions are allocated. On the basis of a comparative analysis of the activities of credit unions and banks, the main advantages and disadvantages in the work of credit unions are allocated. A structural view of the reasons that hinder the development of credit unions is proposed. A model is constructed that allows to propose a sequence of actions, structure existing causes and identify critical ones, namely, imperfection of legislative regulation, presence of institutional restrictions, economic and political instability. It is concluded that at the present stage of development of the system of credit unions in Ukraine, scientific substantiation and legislative regulation of this segment are necessary, taking into account domestic peculiarities and international experience. Credit unions, in turn, should implement the latest technologies and expand the range of services, which will allow to work for a wider audience.