JURIDICAL REVIEW OF CREDIT UNION LEGAL ENTITY FORM TOWARD COMMUNITY ECONOMIC EMPOWERMENT Endang Setyowati, Helen Intania, Tumanda Tamba
Universitas Semarang
Abstract
ABSTRACT
Credit Union (CU) is a microfinance institution that is starting to grow and spread in Indonesia. Credit Unions are engaged in the business of forming capital through regular and continuous savings from members which are then lent to their members in a fast, cheap, easy and precise manner for productive purposes and increasing welfare. The existence of Credit Unions really helps the community, especially for micro and small economic actors. In reality, the legal entity form of a Credit Union is analogous to a Savings and Loans Cooperative. The legal basis used in running a Credit Union is Law Number 25 of 1992 concerning Cooperatives, Government Regulation Number 9 of 1995 concerning the Implementation of Savings and Loans Business Activities by Cooperatives, and Minister of Cooperatives Regulation Number 11 of 2018 concerning Licensing of Savings and Loans Businesses by Cooperatives. Meanwhile, the provisions regarding the implementation of Credit Union activities are based on the Model Law for Credit Unions. The problem formulation in this research is- 1) What are the weaknesses in the regulation of Credit Union legal entity forms in the legal system in Indonesia? 2. How is the juridical study of the form of a Credit Union legal entity based on the value of justice? The type of approach used is normative juridical with a qualitative case approach. Data sources consist of primary and secondary data sources, data collection methods use library studies and field studies. Through this research, it is hoped that a juridical study can be found which will later become the best solution regarding the legal entity form of the Credit Union. So with clarity on the form of legal entity, the Credit Union will be able to further develop its benefits for community economic empowerment. The government should design regulations regarding Credit Unions that are in accordance with the Model Law for Credit Unions, because Indonesia is a member of WOCCU.
Keywords: Juridical Review, Legal Entity, Credit Union
