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Until 2017, the Co-operative Group included The Co-operative Bank; however, despite its name, the Co-operative Bank was not itself a true co-operative as it was not owned directly by its members. Instead it was part-owned by a holding company which was itself a co-operative – the Co-operative Banking Group. [5]
The Co-operative Bank p.l.c. [1] is a British retail and commercial bank based in Manchester, England.Established as a bank for co-operators and co-operatives following the principles of the Rochdale Pioneers, the business evolved in the 20th century into a mid-sized British high street bank, operating throughout the UK mainland.
Co-operative Bank or Cooperative Bank may refer to: The Co-operative Bank, a bank in the United Kingdom; Coop Bank, a bank operated by Coop amba in Denmark. The Co-operative Bank (New Zealand), New Zealand bank, formerly known as PSIS; Co-operative Bank Ltd, Myanmar bank; Cooperative Bank of Kenya, Kenyan bank; Cooperative Bank of Misamis ...
Co-operative Banking Group Limited (originally Co-operative Financial Services) [1] was a UK-based banking and insurance company and a wholly owned subsidiary of The Co-operative Group. Established in 2002, its head office was located at the CIS Tower , Miller Street, Manchester .
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The Co-op Credit Union is a not-for-profit member-owned financial co-operative, based in Manchester and operating throughout the United Kingdom.. Thousands of its members all over the UK have access to affordable loans and savings products as well as member offers and financial wellbeing support.
A mutual bank is a cooperative financial institution owned by its depositors or customers. They include mutual organization , mutual savings banks and cooperative banking . Unlike traditional banks , which prioritize shareholder profits, mutual banks focus on serving their members' interests. [ 1 ]