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In Russia the village co-operative (obshchina or mir), operated from pre-serfdom times until the 20th century. Raiffeisen and Schultz-Delitsch developed an independently formulated co-operative model in Germany, the credit union. The model also moved abroad, reaching the United States by the 1880s and the Knights of Labour's projects. [39]
By 1900, the British co-operative movement had grown to 1,439 co-operatives covering virtually every area of the UK. [ 6 ] The later minute books for the REPS (Rochdale Equitable Pioneers Society) are held by Rochdale Boroughwide Cultural Trust but the wider records of the movement are held by the National Co-operative Archive at Holyoake House ...
The societies were pre-cooperative organizations based on the principle of benevolent assistance. To ensure liquidity equalization between the small credit banks, in 1872 Raiffeisen created the first rural central bank at Neuwied , the “Rheinische Landwirtschaftliche Genossenschaftsbank” (Rhenish Agricultural Cooperative Bank).
Amalie Raiffeisen (2 August 1846 - 11 January 1897) was a German social reformer.. By the 1860s her father, Friedrich Wilhelm Raiffeisen, was almost blind.By handling his correspondence with him she was indispensable in his creation of the Cooperative movement in Germany.
The first working credit union models sprang up in Germany in the 1850s and 1860s, and by the end of the 19th Century had taken root in much of Europe. They drew inspiration from cooperative successes in other sectors, such as retail and agricultural marketing (see history of the cooperative movement).
The German Cooperative Financial Group (German: Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network") is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), the latter in tribute to 19th ...
Cooperative federalism is the school of thought favouring consumers' cooperative societies. The cooperative federalists have argued that consumers' cooperatives should form cooperative wholesale societies (by forming cooperatives in which all members are cooperatives, the best historical example being the English CWS) and that these federal cooperatives should undertake purchasing farms or ...
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