10 Facts About Cooperative banking

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 to cooperative businesses.

Cooperative banking banks were over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report.

Cooperative banking banks are owned by their customers and follow the cooperative principle of one person, one vote.

Cooperative banking systems are usually more integrated than credit union systems.

Cooperative banking was interested in bringing financial protection to working people.

The International Confederation of Cooperative banking Banks is the oldest association of cooperative banks at international level.

Cooperative banking banks serve an important role in the Indian economy, especially in rural areas.

Cooperative banking is different in many aspects from standard microfinance institutions, both for-profit and not-for-profit organizations.