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Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses.
The Co-operative Bank plc 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 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 .
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 ]
The Co-operative Bank head office building at 1 Balloon Street, Manchester, England. The Co-operative Bank severed its ownership link with the Co-operative Group in September 2017. The bank had been a wholly owned subsidiary until 2014 when the group was forced to sell the majority of its holding to US hedge fund investors to raise funds for ...
A branch of the Coastal Federal Credit Union in Raleigh, North Carolina. A credit union is a member-owned nonprofit cooperative financial institution.They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (cheque accounts), credit cards, credit, share term certificates (certificates of deposit), and online banking.
A local chapter of the far-right Alternative for Germany party said on Wednesday its account had been terminated by the cooperative bank where it keeps its money, describing the move as part of ...
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise". [1]