Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
The one-year transition period, during which credit consumer cooperatives (CCCs) were required to bring their activities into compliance with the new requirements for access to the financial market, ended on February 5, 2026.
Over the past year, more than 400 credit unions and 2 second-level credit unions have confirmed that they meet the new requirements, and 6 credit unions have completed the admission procedure from scratch, and information about them has been entered into the register.
As of February 5, 2026, the number of active CPCs, information about which is contained in state register, is 453.
Came into force in February 2025 new rules Market access for credit unions, including those requiring verification of credit union officials' compliance with qualification and business reputation requirements. These procedures are intended to increase the level of transparency for credit union participants.
You can check the details of your PDA using service on the Bank of Russia website.
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Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.