Cooperative Financial Services

Cooperative Financial Services are financial organizations owned and operated by their members, such as credit unions or cooperative banks. They function to serve their members' financial needs, offering services like savings accounts, loans, and checking accounts. Because they are member-owned, profits are often reinvested into the organization or returned to members through better rates and lower fees. These cooperatives focus on community well-being and trust, emphasizing personalized service instead of profit maximization. In essence, they are democratically controlled financial entities that prioritize members' interests and promote financial inclusion.