Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world.
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.
Read more about Cooperative Banking: Microcredit and Microfinance, List of Cooperative Banking Institutions
Famous quotes containing the words cooperative and/or banking:
“Then we grow up to be Daddy. Domesticated men with undomesticated, frontier dreams. Suddenly life—or is it the children?—is not as cooperative as it ought to be. It’s tough to be in command of anything when a baby is crying or a ten-year-old is in despair. It’s tough to feel a sense of control when you’ve got to stop six times during the half-hour ride to Grandma’s.”
—Hugh O’Neill (20th century)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)