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Cooperative Bank
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, Building society, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses. Institutions Cooperative banks Cooperative banks are owned by their customers and follow the Rochdale Principles, cooperative principle of one person, one vote. Co-operative banks are often regulated under both banking and cooperative legislation. They provide services such as savings and loans to non-members as well as to members, and some participate in the wholesale markets for bonds, money and even equities. Many cooperative banks are traded on public stock markets, with the result that they are p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Owen
Robert Owen (; 14 May 1771 – 17 November 1858) was a Welsh textile manufacturer, philanthropist, political philosopher and social reformer, and a founder of utopian socialism and the cooperative movement, co-operative movement. He strove to improve factory working conditions, promoted experimental socialistic communities, sought a more collective approach to child-rearing, and 'believed in lifelong education, establishing an Institute for the Formation of Character and School for Children that focused less on job skills than on becoming a better person'. He gained wealth in the early 1800s from a textile mill at New Lanark, Scotland. Having trained as a draper in Stamford, Lincolnshire he worked in London before relocating at age 18 to Manchester and textile manufacturing. In 1824, he moved to America and put most of his fortune in an experimental socialistic community at New Harmony, Indiana, as a preliminary for his utopian society. It lasted about two years. Other Owenite c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationwide Building Society
Nationwide Building Society is a British mutual financial institution and the largest building society in the world. As of 2024, it serves over 16 million members and operates entirely for their benefit, without shareholders. The society was established through the consolidation of over 250 smaller UK building societies throughout the 20th century, making it one of the most significant mutual mergers in British financial history. Headquartered in Swindon, England, Nationwide offers a wide range of retail banking services including mortgage loan, mortgages, savings accounts, current accounts, credit cards, personal loans, and insurance products. Nationwide is one of the largest cooperative banking, cooperative financial institutions globally. As of June 2025, it reported total assets of £367.9 billion and employed 17,680 people. It operates 605 branches across the United Kingdom which is more than any other UK banking brand and it reaffirmed in 2024 its "Branch Promise" to main ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operative Banking Group
Co-operative Banking Group Limited (originally Co-operative Financial Services) was a UK-based banking and insurance company and a wholly owned subsidiary of The Co-operative Group. Established in 2002, its head office was located at the CIS Tower, Miller Street, Manchester. It was mainly known through its two main subsidiaries: The Co-operative Bank (incorporating Smile, the first full internet bank in the UK) and The Co-operative Insurance. Co-operative Financial Services was formed as a holding company to bring these financial subsidiaries together under one umbrella society and to enable synergies between the businesses to be exploited. Following the Co-operative Bank's financial crisis in 2013, the group sold a majority of shares in the business, retaining a 20% stake. As a result, the group was reorganised, and the banking group structure was discontinued. History In 2007, the Group agreed to outsource its information systems to Xansa (now Sopra Steria). In 2008, Co-o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative
A cooperative (also known as co-operative, coöperative, co-op, or coop) is "an autonomy, autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled wikt:Enterprise, enterprise". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. They differ from Collective farming, collectives in that they are generally built from the bottom-up, rather than the top-down. Cooperatives may include: * Worker cooperatives: businesses owned and managed by the people who work there * Consumer cooperatives: businesses owned and managed by the people who consume goods and/or services provided by the cooperative * Producer cooperatives: businesses where producers pool their output for their common benefit ** e.g. Agricultural cooperatives * Purchasing cooperatives where members pool their purchasing power ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operative Group
The Co-operative Group Limited, trading as Co-op and formerly known as the Co-operative Wholesale Society, is a British consumer cooperative, consumer co-operative with a group of retail businesses, including grocery retail and wholesale, legal services, funerals and insurance, and social enterprise. The group has its headquarters located at One Angel Square in Manchester, England. The Group also manages the Co-operative Federal Trading Services, formerly the Co-operative Retail Trading Group (CRTG). History Beginnings (1844–1938) The Co-operative Group has developed over the years from the merger of co-operative wholesale society, co-operative wholesale societies and many independent retail societies. The Group's roots are traced back to the Rochdale Society of Equitable Pioneers, established in 1844. The Rochdale Society of Equitable Pioneers was based on the Rochdale Principles – which notably introduced the idea of distributing a share of profits according to purcha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demutualization
Demutualization is the process by which a customer-owned mutual organization (''mutual'') or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a windfall gain, "windfall" payout, in the form of shares in the successor company, a cash payment, or a mixture of both. Mutualization or mutualisation is the opposite process, wherein a shareholder-owned company is converted into a mutual organization, typically through takeover by an existing mutual organization. Furthermore, re-mutualization depicts the process of aligning or refreshing the interest and objectives of the members of the Mutual organization, mutual society. The mutual traditionally raises Capital (economics), capital from its customer members in order to provide services to them (for example building society, building societies, where members' savings enable the provision of Mortgage loan, m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mouvement Desjardins
The Desjardins Group (, ) is a Canadian financial service cooperative and the largest federation of credit unions () in North America. It was founded in 1900 in Lévis, Quebec by Alphonse Desjardins. While its legal headquarters remains in Lévis, most of the executive management, including the CEO, is based in Montreal. As of 2017, Desjardins Group consists of 293 local credit unions operating 1,032 points of service and serving more than seven million members and clients, mostly in the provinces of Quebec and Ontario. Desjardins Group also operates the services of the former Canadian division of State Farm which was then acquired in 2015. In addition to retail banking, the Group has over twenty subsidiaries offering products and services related to insurance ( Desjardins Financial Security, Desjardins General Insurance), real estate (with its Complexe Desjardins offices in Montreal and Quebec online estate agent ), venture capital funds (Desjardins Venture Capital), and br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of countries and dependencies by area, second-largest country by total area, with the List of countries by length of coastline, world's longest coastline. Its Canada–United States border, border with the United States is the world's longest international land border. The country is characterized by a wide range of both Temperature in Canada, meteorologic and Geography of Canada, geological regions. With Population of Canada, a population of over 41million people, it has widely varying population densities, with the majority residing in List of the largest population centres in Canada, urban areas and large areas of the country being sparsely populated. Canada's capital is Ottawa and List of census metropolitan areas and agglomerations in Canada, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quebec
Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, New Brunswick to the southeast and a coastal border with the territory of Nunavut. In the south, it shares a border with the United States. Between 1534 and 1763, what is now Quebec was the List of French possessions and colonies, French colony of ''Canada (New France), Canada'' and was the most developed colony in New France. Following the Seven Years' War, ''Canada'' became a Territorial evolution of the British Empire#List of territories that were once a part of the British Empire, British colony, first as the Province of Quebec (1763–1791), Province of Quebec (1763–1791), then Lower Canada (1791–1841), and lastly part of the Province of Canada (1841–1867) as a result of the Lower Canada Rebellion. It was Canadian Confederation, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alphonse Desjardins (co-operator)
Gabriel-Alphonse Desjardins (; November 5, 1854 – October 31, 1920), born in Lévis, Quebec, Levis, Canada East was the co-founder of the ''Caisses Populaires Desjardins'' (today Desjardins Group), a forerunner of North American credit unions and community banks. For his contribution to the advancement of agriculture in the province of Quebec, he was posthumously inducted to the Agricultural Hall of Fame of Quebec in 1994. Early life Gabriel-Alphonse Desjardins was a journalist at ''L'écho'' and ''Le Canadien'' until 1879. He was publisher of ''Débats de la législature du Québec'' from 1879 to 1890, and French-language parliamentary stenographer at the House of Commons of Canada from 1892 to 1917. Start of caisses populaires In 1897 Desjardins became increasingly concerned with the problem of usury and undertook three years of careful research and correspondence with the founders of cooperative savings and credit movements in Europe. On December 6, 1900, Desjardins a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Association Of Co-operative Banks
European, or Europeans, may refer to: In general * ''European'', an adjective referring to something of, from, or related to Europe ** Ethnic groups in Europe ** Demographics of Europe ** European cuisine, the cuisines of Europe and other Western countries * ''European'', an adjective referring to something of, from, or related to the European Union ** European Union citizenship ** Demographics of the European Union In publishing * ''The European'' (1953 magazine), a far-right cultural and political magazine published 1953–1959 * ''The European'' (newspaper), a British weekly newspaper published 1990–1998 * ''The European'' (2009 magazine), a German magazine first published in September 2009 *''The European Magazine'', a magazine published in London 1782–1826 *''The New European'', a British weekly pop-up newspaper first published in July 2016 Other uses * * Europeans (band), a British post-punk group, from Bristol See also * * * Europe (other) * The Eu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
