A cooperative, or co-op, is a business or organization owned and operated by a group of people for their mutual benefit. Cooperatives are based on the principles of cooperation, self-help,…
In a financial institution such as a credit union or co-operative bank, a common bond is the social connection among members that serves as collateral in place of more traditional…
What is a Cooperative Financial Institution (CFI)?
A cooperative financial institution (CFI) is a type of financial institution it is the umbrella term for deposit taking financial co-operatives that are owned and controlled by its members. CFIs…
