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Co-operatives UK is a British co-operative federation described as "the central membership organisation for co-operative enterprise throughout the UK". [3] It was founded in 1870 as the Co-operative Central Board, changing its name to the Co-operative Union [4] before finally becoming Co-operatives UK following its merger with the Industrial Common Ownership Movement (ICOM) in 2001. [5]
Credit unions are a loan and savings co-operative. Members normally have a 'common bond' to make them eligible for membership. Commons bonds are usually that all members live in a certain locality, work for a common employer or belong to the same trade union, church or association. Because of the need for a common bond, most credit unions ...
This reciprocal membership agreement means members of these societies can earn membership points at more than 90% of UK co-operative outlets. Dividend payments are made at the rate of the society where the points were earned, not the society of the member, although the member's society is responsible for distributing the payment.
The SCIC – Société coopérative d'intérêt collective (co-operative society of collective interest) is a type of multi-stakeholder co-operative structure introduced in France in 1982. A SCIC must have at least three different categories of members, including users and employees.
Members of Central England Co-operative can also earn points when trading with other co-operative societies (such as The Co-operative Group and The Midcounties Co-operative) whereby their share of the profit in the other business is transferred to, and paid by, Central England Co-operative from the other co-op every 6 months. Conversely members ...
The Chelmsford Star Co-operative Society is an independent consumer co-operative in the United Kingdom. Registered under the Co-operative and Community Benefit Societies Act 2014, [1] the Society is a member of Co-operatives UK, the Co-operative Group and the national co-operative wholesaler Federal Retail and Trading Services. In 1995, it had ...
On the merger with Co-operative Financial Services, members of the former Britannia Building Society became members of the Co-operative Group. The membership reward scheme was replaced with the Co-operative Membership scheme on 31 December 2009, when members began to earn dividend based on their account holding and borrowing with Britannia.
The East of England Co-operative Society is the fourth largest consumer co-operative in the United Kingdom after The Co-operative Group, The Midcounties Co-operative and Central England Co-operative. It is a registered society [ 1 ] with its headquarters in Wherstead , near Ipswich and trading in the eastern counties of Essex , Suffolk ...