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E-mail to FECOOPA, Письмо Дальневосточной Ассоциации Кооперативного Движения

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The Co-operative Movement of the Russian Far East

Home saving

At the end of 1993 Riksbyggen started its own savings association in the form of an economic association independent from Riksbyggen. The savers' money is placed in interest-bearing securities that are issued and guaranteed by the state. Unlike many other co-operative savings associations we do not use savings to finance construction credit or for loans to housing purchasers. These loans are instead raised from banks and mortgage institutions.

This solution makes it possible for Riksbyggen to offer savers a good yield and the rate interest is therefore higher than in comparable forms of saving with good security.

Housing savers are placed in a nation-wide queue for housing built and provided by Riksbyggen. At the beginning of 2003 there were approximately 26,000 members of the savings association.

Ladies & Gentlemen!

Thank you for visit to our web-site. People all over the world establish co-operative communities to vary and make their lives easier. But there is a difficult situation for existence in the Russian Far East. Our organization works in order to improve it by co-operative activity. Therefore we provide native inhabitants with a good information and education in this sphere, also by web-site with 125 pages. In the cause of it we ask you for help us with donations. Assets can be transferred to Far Eastern Association of the Co-operative Movement (FECOOPA) account
№ 40703840400470000001 with the filial of JSC Bank "MENATEP SPB", of the city of Khabarovsk (Russia), BIC 040813844 (INN: 7831001567 / 272102001), correspondent account № 30101810600000000844.

We hope for fruitful collaboration with you.
Yours faithfully,
Chairman of governing body of FECOOPA Sergey Khandurin

 

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