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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 .
City Savings & Credit Union Ltd. (1 May 2019) – Toronto-based City Savings & Credit Union Ltd. was previously called North York Municipal Employees Credit Union and had two branches and $43 million in assets at the time of the merger. [11] [12] Quinte First Credit Union (1 June 2020) [13] [14]
In 2004 France had 1700 workers' co-operatives, with 36,000 people working in them. The average size of a co-operative was 21 employees. More than 60% of co-operative employees were also members. [92] French workers' co-operatives today include some large organisations such as Chèque Déjeuner and Acome .
Rajasthan Co-operative Dairy Federation Ltd., Saras Sankul, Jawahar Lal Nehru Marg, Post Box No 1003, Jaipur 302017; Sikkim Co-operative Milk Producers’ Union Ltd., PO Tadong, Gangtok 737102; Tamil Nadu Co-operative Milk Producers’ Federation Ltd., Aavin Illam, Madhavaram Milk Colony, Chennai 600051
For example, in the U.S. over 5,700 of the roughly 6,400 employee-owned companies have an Employee Stock Ownership Plan (ESOP). [2] An ESOP is an employee-owner method that provides a company 's workforce with an ownership interest in the company.
Access Communications is a telecommunication co-operative; CCRL Refinery Complex is an oil refinery spread over 544 acres (2.20 km 2) located in the city of Regina, Saskatchewan, Canada owned by Consumers' Co-operative Refineries Limited (CCRL) that is in turn owned by Federated Co-operatives Limited (FCL). CFCR-FM – Community Radio Station ...
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Its parent organization, the Civil Service Co-operative Credit Society, operated as CS CO-OP. [14] The merger of CS CO-OP and Metro Credit Union in 2005 created Alterna Savings, adopting its subsidiary's name. [4] Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC).