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Members can participate in the running of the credit union. Members elect the directors, vote on share dividend and can become actively involved as volunteers. Established in 1998, the credit union is a member of the Association of British Credit Unions. [1] In 2012, it adopted the national co-operative brand.
[citation needed] In November 1910 the Woman's Educational and Industrial Union set up the Industrial Credit Union, modeled on the Desjardins credit unions it was the first non-faith-based community credit union serving all people in the greater Boston area. The oldest statewide credit union in the United States was established in 1913. [35]
As of the end of 2016, the National Credit Union Share Insurance Fund insured more than $1 trillion in deposits at 5,785 not-for-profit cooperative US credit unions. [18] For comparison, the FDIC insured more than $13 trillion in deposits at 5,980 banks and thrift institutions. [19]
A rural credit cooperative (RCC) (Chinese: 农村信用合作社) or (simplified Chinese: 农村信用社; traditional Chinese: 農村信用社; pinyin: nóngcūn xìnyòngshè) is a cooperative or credit union sanctioned by People's Bank of China to provide credit in the rural areas of the People's Republic of China.
Owned by credit union of South Tyrol region, Italy Raiffeisen (Switzerland) Switzerland: Credit union federation Banco Cooperativo Español and Caja Rural: Spain: OP Financial Group: Finland: 1,750,000 [24] 31% share of Finnish credit market, and 32% share of savings and deposit market [25] POP Pankki: Finland Credit union federation S-Bank ...
The Co-operative Group Limited, trading as Co-op and formerly known as the Co-operative Wholesale Society, is a British consumer co-operative with a group of retail businesses, including grocery retail and wholesale, legal services, funerals and insurance, and social enterprise. [3]
Commsave Credit Union Limited is a not-for-profit member-owned financial co-operative, based in Northampton in the English Midlands. In 2020, it absorbed Northamptonshire Credit Union (trading as Harvest Money). As at 31 March 2024, Commsave has 35,488 members with £89.5m worth of savings and £75.2m on loan to members. [1] [2] [3]
Churches' Mutual Credit Union Limited is a not-for-profit member-owned financial co-operative, based in Gloucester and operating throughout the United Kingdom. It has in excess of 600 members and assets of £3 million.