What is a Financial Cooperative?


What is a Financial Cooperative?

Here are four short videos to illustrate the concept of cooperatives using basic concepts you understand and examples of functioning cooperatives which you might know:

You might be aware of Rabobank, a world class example of what a cooperative bank can grow to achieve.

This video portrays the difference between an everyday corporate bank and a cooperative bank (for purposes of the Ontario Cooperative Bank).

Co-operatives give people control over things that matter to them. There are nearly 7,000 independent co-operatives working across the economy. They contribute £37 billion to the British economy and are owned by 15 million people across the UK.

The Co-operative Bank in New Zealand used this video to explain to prospective members what being part of a co-operative bank would mean for you – the customer/owner.