Credit Union Business Prospects in Indonesia

Abstract

The Credit Union shall be a financial institution in the form of a cooperative. Credit unions
have activities such as banking activities. Data for 2017 shows that the number of individual
members is 3,045,786 and the assets are 30 trillion. This asset has proliferated from 27 trillion
in 2016. On the other hand, licensing and supervisory mechanisms have not been properly
regulated to ensure that the potential for conflict is immense. Conflicts have a source of
protection for service users and the Credit Union as an institution. Legal issues that arise are
how the prospects of credit union business move forward to address these emerging legal issues.
The results of the study show that it is necessary to draw up legal instruments providing equal
opportunities for the Credit Union to obtain legal provisions and protection under the authority
of the Monetary Authority in Indonesia. This research is a legal study, and secondary data
becomes primary data. The data analysis technique used was a qualitative data analysis
technique — deductively constructed conclusions.