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EN
The next part of Co-Operative Thought Library (18) is dedicated to Father Stanislaw Adamski (1875-1967), a prominent social, political and co-operative activist, working in the period of the annexations and the Second Republic. In his opinion cooperative movement is a major factor for the social and economic development within a capitalist economy: it stimulates self-awareness of poorer social strata, awakens the spirit of enterprise, which ultimately should lead to the construction of middle-class in Poland and be an effective tool in combating forms of social and financial exclusion. The journal editor publishes excerpts of Stanislaw Adamski's brochure 'Cooperative movement in Poland and the significance and tasks of the Union of Cooperative Unions', Poznan, 1930.
EN
The SKOK Credit Unions, despite the fact that they are executing bank activities, don't have the legal status of banks. They aren't also credit institutions in the understanding of the Polish Banking Law Act, though in terms of the EU banking directives they are included in this group. Undoubtedly they are financial institutions, in the broad sense, both on the ground of European and Polish law, because they are providing banking (financial) services on the financial market. The SKOK Credit Unions have the other legal status from the institutions operating on the financial market. The National Credit Union is the only institution entitled to supervise the credit union sector and the TUW-SKOK Mutual Benefit Insurance Company operating the deposit insurance system. The safety net of SKOK credit institutions is based on these institutions in maintaining stable functioning of this special part of the domestic financial market.
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