In the draft there is no reference to the credit union as a savings and loan cooperative. Compared with Law No. 25/1992, what is new in the draft is the regulation on the sharia cooperative (article 1 paragraph 2; chapter VIII, part two).

The credit union has its own typical characteristic and exists all over the world. There have been 89,026 credit unions in 117 countries since 1818 with 261 million members and US$2,115,016,371,443 worth of asse