Financial Cooperative

Financial Cooperative
A financial institution that is owned and operated by its members. The goal of a financial cooperative is to act on behalf of a unified group as a traditional banking service. These institutions attempt to differentiate themselves by offering above-average service along with competitive rates in the areas of insurance, lending and investment dealings.

Credit unions are the most popular form of financial cooperative because they are owned and operated by their members. These financial institutions often pay higher-than-average interest rates and are only accessible to those that have accounts.

The size of financial cooperatives can vary from only a handful of branches to being widespread with thousands of locations. Many financial cooperatives offer products and services that are comparable to those offered by the major diversified banks.


Investment dictionary. . 2012.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Cooperative — This article is about the business organization. For other uses, see Coop (disambiguation). A cooperative (also co operative or co op) is a business organization owned and operated by a group of individuals for their mutual benefit.[1] A… …   Wikipedia

  • Cooperative banking — A statue of cooperative pioneer Robert Owen stands in front of the Manchester head office of the UK s Co operative Bank Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take… …   Wikipedia

  • Cooperative Bank of Kenya — We are you Type Public: NSE: COOP Industry Financial Services Founded 1965 Headquarters Nairobi, Kenya …   Wikipedia

  • Cooperative Living Organization — Formation 1931 Type Housing cooperative Headquarters Gainesvi …   Wikipedia

  • Financial district — (Manhattan) Pour les articles homonymes, voir Financial District. Une vue typique du Financial District Le Financial District (quartier financi …   Wikipédia en Français

  • Financial district (Manhattan) — Pour les articles homonymes, voir Financial District. Une vue typique du Financial District Le Financial District (quartier financi …   Wikipédia en Français

  • Financial Action Task Force on Money Laundering — The Financial Action Task Force on Money Laundering (FATF), also known by its French name Groupe d action financière sur le blanchiment de capitaux (GAFI), is an inter governmental body founded in 1989 by the G7. The purpose of the FATF is to… …   Wikipedia

  • Cooperative Funds Act — The Cooperative Funds Act is a United States law, or series of laws, which authorized the United States Forest Service (FS) to collect donations from private partners to perform FS work. Contributions had to be voluntary, and by cash, check, or… …   Wikipedia

  • Cooperative extension service — This article is about a division of the US Department of Agriculture. For agriculture extensions in general, see Agricultural extension. The Cooperative Extension Service, also known as the Extension Service of the USDA, is a non formal… …   Wikipedia

  • Cooperative federation — A co operative federation or secondary co operative is a co operative in which all members are, in turn, co operatives.[1] Historically, co operative federations have predominantly come in the form of co operative wholesale societies and co… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”