LEGAL RESPONSIBILITY OF MEMBERS' DEPOSITS AT THE CREDIT COOPERATIVE CINTA MULIA PEMATANGSIANTAR

Abstract

Credit Unions have different membership rules. Members must go through a future membership phase and receive basic training before becoming a member. The term Credit Union (CU) comes from the Latin credere which means unreliable, and union or unus which means collection. In short, "Credit Union" means that people who trust the organization and its custodians come together to save money and create shared capital that can be loaned productively to its members. Credit Union is a type of fiscal union that provides traditional banking services. Credit Union is formed by SMEs, organizations, and organizations of employees and other members. These range from small, pure volunteer work to large units with thousands of participants across the country. Thousands of Credit Unions have been established, owned, and operated by the participants. As such, they are a not-for-profit corporation that enjoys tax-exempt status. The legal basis for organizing savings and loan cooperatives is Article 33 (1) of the 1945 Constitution, Law 25 of 1992 on Cooperatives, then Law 17 of 2012, and Decree No. 9 of 1995 on Savings. In addition, CU first saves (builds capital) before renting. In legal research there are sources of legal research called legal materials and non-legal materials: a. Legal materials, which consist of: - Primary legal materials According to Peter Mahmud Marzuki, the main legal materials are official legal materials. Primary legal materials consist of the Cooperative Law and the 1945 Constitution. - Secondary legal materials are all publications on unofficial legal documents. For example, legal journals, and commentary on court decisions.

b. Non-Legal Materials If necessary, legal research can use non-legal materials. Nonlegal materials can be in the form of books of Cooperatives, Cooperatives, Annual Reports of Member Meetings, Financial Journal of CU Cinta Mulia, Articles of Association, Bylaws, KUHper books. To see the position of the Management in the Cooperative, the Leader of the Cinta Mulia CU Cooperative, it is clear that the Duties, Responsibilities, Rights, and Obligations are as follows: a. Management is needed to determine short, medium, and long-term programs. Thus the Cooperative can run in a planned and measurable manner. b. Implement cooperative management effectively, efficiently, and transparently. c. Responsible for the storage and use of funds d. Implement decisions of member meetings and management meetings e. Fully responsible for the management of the organization for the interests and objectives of the organization and has the right to represent the organization both inside and outside the Court f. The management is obliged to ensure the comfort of all the assets of the Cooperative and to plan the system and mechanism of financial management properly. g. Fully personally responsible if the person concerned in carrying out his duties does not comply with the provisions of the articles of association which results in losses for the institution or third parties.