While paying fees is something that we all cannot avoid because provision of banking services costs money, in a credit union the interests, fees and charges that are paid by members is distributed back to the members as net interest income.
Third, more emphasis is put on the resolution of interest conflicts. Based on the 1999 version that stresses disclosure of interest conflicts, the 2004 version requires the interest parties involved to disclose the way of resolving interest conflicts. In addition, it also takes note of the conflict of interests existing between the big and small shareholders in the emerging markets.