FACTOID # 76: The fourteen unhappiest countries are all in Eastern Europe.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
WHAT'S NEW
RECENT ARTICLES
More Recent Articles »
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Cooperative banking
Part of the Wikipedia series on
Co-operatives
Types of Co-operatives
Housing cooperative

Building cooperative
Retailers' cooperative
Utility cooperative
Worker cooperative
Social cooperative
Consumers' Co-operative
Agricultural cooperatives
Credit union
Cooperative banking
Carsharing
Co-operative Federation
Co-operative wholesale society
Co-operative Union
Co-operative Party A cooperative (also co-operative or co-op) is a group of persons who join together or co-operate, to carry on an economic activity of mutual benefit. ... A housing co-operative is a legal entity that owns real estate, one or more residential buildings. ... Building co-operatives are co-operative housing corporations where individuals or families work together to directly construct their own homes on a co-op basis. ... A retailers cooperative or consumer cooperative is a business entity which employs economies of scale on behalf of its members to get discounts from manufacturers and to pool marketing. ... A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity or telecommunications to its members. ... A worker cooperative is a cooperative owned and operated by its worker-owners. There are no outside, or consumer owners, in a workers cooperative - only the workers own shares of the business. ... Consumers Co-operation is a form of capitalism that is oriented toward service rather than pecuniary profit. ... Cooperative farming (or Cooperative Agriculture) is a system, in which farmers pool their resources for cooperation in certain areas. ... A credit union is a not-for-profit co-operative financial institution that is owned and controlled by its members, through the election of a volunteer Board of Directors elected from the membership itself. ... Carsharing is a system where a fleet of cars (or other vehicles) is owned and operated/overseen by a company, public agency, cooperative, ad hoc grouping, or even a single individual, and made available for use by members of the carshare group in a wide variety of ways. ... A Co-operative Federation is a Co-operative society in which all members are, in turn, Co-operatives. ... Co-operative Group - Wikipedia /**/ @import /w/skins-1. ... A Co-operative Union is Co-operative Federation (that is, a Co-operative in which all the members are Co-operatives). ... This article is about the British political party. ...

Key Concepts
Rochdale Principles

Co-operative Commonwealth
Co-operative sector
Fair price
Social capital
Statement on the
Co-operative Identity The Rochdale Principles are a set of ideals for the operation of cooperatives. ... A Co-operative Commonwealth is a society - real or hypothetical - based on cooperative and socialist principles. ... Definition Fair value, also called fair price, is a concept used in finance and economics. ... Social capital is defined as the value that is created through the application of social networks during non-organizational time. ...

Rochdale Principles
Voluntary and open membership

Democratic member control
Member economic participation
Autonomy and independence
Education, training, and information
Cooperation among cooperatives
Concern for community
A Co-operative Federation is a Co-operative society in which all members are, in turn, Co-operatives. ...

Political and Economic Theories
Co-operative Federalism

Co-operative Individualism
Owenism
Third way
Socialism
Socially responsible investing
Mondragón
Social enterprise Co-operative Federalism is a school of thought in the field of Co-operative economics. ... Owenism is a term used to represent the Utopian socialist philosophy of Robert Owen, and deriviations thereof. ... Third way can refer to: The Third Way, an economic and political idea that positions itself between democratic socialism and laissez-faire capitalism, combining the ordoliberal social market with neo-liberalism. ... Socialism refers to a broad array of doctrines or political movements that envisage a socio-economic system in which property and the distribution of wealth are subject to social control. ... Please wikify (format) this article as suggested in the Guide to layout and the Manual of Style. ... Mondragón Cooperative Corporation (MCC) is a group of manufacturing and retail companies based in the Basque Country and extended over the rest of Spain and abroad. ... Social enterprises are organizations which trade in goods or services and link that trade to a social mission. ...

Study
Cooperative College

Co-operative studies
Co-operative economics
History of Co-operatives
Criticisms of Co-operatives
The Cooperative College is a University in the United Kingdom which focuses on Co-operative studies and Co-operative economics. ... The purpose of Co-operative education and Co-operative studies, according to the ICAs Statement on the Co-operative Identity, is that Co-operative societies provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their co-operatives. ... Co-operative economics is a field of economics, socialist economics, Co-operative studies, and political economy, which is concerned with co-operatives. ...

Key Theorists
Robert Owen

William King
The Rochdale Pioneers
G.D.H. Cole
Charles Gide
Beatrice Webb
Friedrich Raiffeisen
Race Mathews
David Griffiths
Toyohiko Kagawa
Robert Owen Robert Owen continues to be looked up to in this Manchester statue Robert Owen (May 14, 1771 – November 17, 1858) was a Welsh socialist and social reformer. ... Dr. William King (1786-1865) was a British physician and philantropist from Brighton. ... The Rochdale Society of Equitable Pioneers, founded in 1844, is usually considered the first successful co-operative enterprise, forming the basis for the modern co-operative movement. ... George Douglas Howard Cole (September 25, 1889 - January 14, 1959) was an English journalist and economist, closely associated with the development of Fabianism. ... Charles Gide (1847–1932) was a French economist and notable ideologue of the cooperative movement in the first third of the 20th century. ... Beatrice Webb Martha Beatrice Potter Webb (January 2, 1858 - April 30, 1943) (also called Beatrice Webb) was a British socialist, economist and reformer, usually referred to in the same breath as her husband, Sidney Webb. ... Friedrich Wilhelm Raiffeisen (May 3, 1818, Hamm - May 11, 1888, Heddesdorf, currently known as Neuwied, Germany) was a German cooperative leader. ... Toyohiko Kagawa (賀川豊彦 Kagawa Toyohiko, 10 July 1888–23 April 1960) was a Japanese pacifist, Christian reformer, and labour activist. ...

Lists of Organizations
List of cooperatives

List of Co-operative Federations
International Co-operative Alliance
List of co-operative enterprises: // Canada Accessible Technologies (Westmount, NS) [1] Baseline Type and Graphics (Vancouver, BC) [2] BeaDazzled Bead Shop (Guelph, ON) [3] The Big Carrot (Toronto, ON) [4] Calgary Alternative Transportation Co-operative [5] Canadian Travel Co-op (Burlington, ON. Regina, SK) CFRO-FM (Vancouver, BC) [6] Circle... The International Co-operative Alliance (ICA) is a non-governmental association representing co-operatives and the co-operative movement worldwide. ...

·  v·d·e 
The Co-operative Bank's head office, 1 Balloon Street, Manchester. The statue in front is of Robert Owen, a pioneer in the Co-operative movement.
Enlarge
The Co-operative Bank's head office, 1 Balloon Street, Manchester. The statue in front is of Robert Owen, a pioneer in the Co-operative movement.

Cooperative banking, also called Mutual savings and lending, exist in most parts of the world. This system offers financial services in a cooperative basis. Image File history File linksMetadata Download high resolution version (1168x1760, 512 KB) Summary Head Office of the Co-operative Bank, 1 Balloon Street, Manchester, with the statue of Robert Owen in front. ... Image File history File linksMetadata Download high resolution version (1168x1760, 512 KB) Summary Head Office of the Co-operative Bank, 1 Balloon Street, Manchester, with the statue of Robert Owen in front. ... The City of Manchester is a major city and metropolitan borough in the North of England, historically notable for its central role in the Industrial Revolution. ... Robert Owen Robert Owen continues to be looked up to in this Manchester statue Robert Owen (May 14, 1771 – November 17, 1858) was a Welsh socialist and social reformer. ... A cooperative (also co-operative or co-op) is a group of persons who join together or co-operate, to carry on an economic activity of mutual benefit. ...

Contents

[edit]

In North America

For example Credit Unions provide a form of cooperative banking. In North America, the caisse populaire movement started by Alphonse Desjardins in Quebec, Canada pioneered credit unions. Desjardins wanted to bring desperately needed financial protection to working people. In 1900, from his home in Lévis, Quebec, he opened North America's first credit union, marking the beginning of the Mouvement Desjardins. A credit union is a not-for-profit co-operative financial institution that is owned and controlled by its members, through the election of a volunteer Board of Directors elected from the membership itself. ... World map showing North America A satellite composite image of North America. ... For the 19th-century former mayor of Montreal, see Alphonse Desjardins (politician) Gabriel-Alphonse Desjardins (November 5, 1854 _ October 30, 1920) was born in Lévis, Quebec. ... Motto: Je me souviens (French: I remember) Official languages French Flower Blue Flag Iris (Iris versicolor Linné) Tree Yellow Birch Bird Snowy Owl Capital Quebec City Largest city Montreal Lieutenant-Governor Lise Thibault Premier Jean Charest (PLQ) Parliamentary representation  - House seat  - Senate seats 75 24 Area Total  - Land  - Water  (% of... Ville de Lévis coat of arms Lévis (officially Ville de Lévis) is a city in eastern Quebec, Canada. ... The Mouvement Desjardins (Desjardins Movement or Desjardins Group in English) is the largest association of credit unions in North America. ...

[edit]

In Europe and other continents

[edit]

UK

While they have not taken root so deeply as in Ireland or the USA, credit unions are also established in the UK. The largest are work-based, but many are now offering services in the wider community. The Association of British Credit Unions Ltd - ABCUL - represents the majority of British Credit Unions.


British Building Societies developed into general-purpose savings & banking institutions with "one member, one vote" ownership and can be seen as a form of financial cooperative (although many 'de-mutualised' into conventionally-owned banks in the 1980s & 1990s). The UK Co-operative Group includes both an insurance provider CIS and the Co-operative Bank, both noted for promoting ethical investment. A building society is a financial institution, owned by its members, that offers banking and other financial services, especially mortgage lending. ... The term demutualization (or demutualisation) describes the process by which mutual organizations or companies (mutuals) convert themselves to for-profit (or profit-making) public companies which distribute profits to their shareholders in the form of dividends. ... The examples and perspective in this article or section may not represent a worldwide view. ... The Co-operative Banks head office, 1 Balloon Street, Manchester. ... Ethical investing, also known as Socially responsible investing or SRI attempts to ensure that invested funds are not used to violate the investors most basic moral values or ethical codes. ...

[edit]

Continental Europe

Other important European banking cooperatives include the Crédit Agricole in France, Migros and Coop Bank in Switzerland and the Raiffeisen system in many Central and Eastern European countries. The Netherlands, Spain, Italy and various European countries also have strong cooperative banks. They play an important part in mortgage credit and professional (i.e. farming) credit. Logo Credit Agricole Crédit Agricole SA (CASA) (Euronext: ACA) is the largest banking group in France, fourth biggest in Europe and the sixth largest in the world according to Global Finance magazine. ... Migros (IPA: /ˈmiÉ¡ro/) is one of Switzerlands largest enterprises and certainly its largest supermarket chain. ... It has been suggested that this article or section be merged with Raiffeisen Zentralbank. ...


Cooperative banking networks, which were nationalized in Eastern Europe, work now as real cooperative institutions. A remarkable development has taken place in Poland, where the SKOK (Spółdzielcze Kasy Oszczędnościowo-Kredytowe) network has grown to serve over 1 million members via 13,000 branches, and is larger than the country’s largest conventional bank.


In Scandinavia, there is a clear distinction between mutual savings banks (Sparbank) and true credit unions (Andelsbank). Overview map of the region. ... A mutual savings bank is a financial institution chartered by state or federal government to: (1) provide a safe place for individuals to save and (2) invest those savings in mortgages loans, stocks, bonds and other securities. ... A credit union is a co-operative financial institution that is owned, controlled and administered by its members. ...

[edit]

Others

Microcredit and microfinance, a more recent phenomena are often based on a cooperative model and were first developped in third world countries, but tend now to spread to the rest of the world. They focus on small business lending // Microcredit is the extension of very small loans to unemployed, poor entrepreneurs and others living in poverty who are not bankable. ... The current version of the article or section reads like an advertisement. ... A small business may be defined as a business with a small number of employees. ...

[edit]

See also


  Results from FactBites:
 
Cooperative Bank Consultation Paper (3876 words)
As a result, the cooperative bank initiative was not included in the recent financial sector reform.
The cooperative bank concept was born out of the desire by some credit unions for a greater national presence and the resultant increased efficiencies, i.e.
The cooperative banks could service persons other than their members, and these non-member users could be eligible for patronage returns (based on use of the bank’s services) at a rate equal to or less than the rate at which the surplus is distributed to members.
Cooperative bank funds flow under RBI scanner:- - News - Webindia123.com (364 words)
The Reserve Bank of India (RBI) is keeping a close watch on the flow of funds from urban cooperative banks into a booming stock market, RBI governor Y.V. Reddy said here Saturday.
To strengthen the dual control of cooperative banks by the central bank as well as the respective state governments, the RBI has signed an MoU with Karnataka at the task force meeting.
Of the 296 cooperative banks in Karnataka, the performance of 142 were found to be satisfactory, while the remaining need to be turned around by monitoring and supervising their operations.
  More results at FactBites »


 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments
Please enter the 5-letter protection code

Want to know more?
Search encyclopedia, statistics and forums:

 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms.