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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 .
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.
Alterna Savings and Credit Union Limited, commonly called Alterna Savings (French: Caisse Alterna), is a credit union based in Ottawa, Ontario, Canada. In addition to its credit union branches in Ontario , it also operates across Canada through its direct banking subsidiary Alterna Bank .
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).
The Eastern Railway Employees' Co-Operative Bank Ltd. Goa State Co-operative Milk Producers’ Union Ltd. Curti, Ponda 403401, Goa; Gujarat State Co-operative Agriculture and Rural Development Bank Ltd., 489, Ashram road, Ahmedabad-9, Gujarat. Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) Gujarat State Co-operative Cotton ...
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. [5] Total credit union assets in the U.S. reached $1 trillion as of March 2012. [6]
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Islami Co-operative Bank Ltd. (Instead of Sandwip Central Co-Operative Bank Ltd.) Bangladesh: Central Co-Operative Bank: ICBL First Islami and largest Co-operative Bank in Bangladesh based on Islami Sariyah. Signed: Registration No. 57/c, Dated: 3 August 1922. Head office: Zakir Hossain Road, Khulshi, Chittagong-4209, Bangladesh. Crelan ...