Co-operative Bank

A Co-operative Bank is a financial institution that is owned and operated by its members, who are also its customers. Unlike traditional banks that prioritize profit for shareholders, co-operative banks focus on serving their members' interests. Members can participate in decision-making and share in the bank's profits, often through lower fees or better interest rates. These banks typically emphasize community development and ethical practices, pooling resources to provide services like savings accounts, loans, and investment options, thereby supporting local economies and fostering a sense of community among their members.