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The Co-op Credit Union is a not-for-profit member-owned financial co-operative, based in Manchester and operating throughout the United Kingdom.. Thousands of its members all over the UK have access to affordable loans and savings products as well as member offers and financial wellbeing support.
The National Center for Member Trust is a consumer protection non-profit organization "formed to support the member-owners of credit unions that are trying to convert to banks." [57] The Coalition for Credit Union Charter Options [58] is an advocacy group for converting credit unions.
A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks , such as share accounts ( savings accounts ), share draft accounts ( cheque accounts ), credit cards , credit , share term certificates ( certificates of deposit ), and online banking .
Louise McCarren Herring (September 20, 1909 – November 2, 1987), was an Ohio native, recognized as one of the pioneer leaders of the not-for-profit cooperative credit union movement in the United States. Herring is universally regarded in the United States credit union movement as being the “Mother of Credit Unions” for her work with the ...
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]
A community federal credit union, is a credit union in the United States that are based upon the cooperative concept but differs in its scope of membership in that it is based on geographical membership. Unlike the majority of credit unions, the community credit union is based upon geographical membership and not worksite or union commonality. [1]