A mutual bank is a cooperative financial institution owned by its depositors or customers. They include

mutual organization A mutual organization, also mutual society or simply mutual, is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a cooperative, members usually do not ...

mutual savings bank A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe to a common fund. From this fund, claims, loans, etc., are paid. Profits after deductions ...

s and

cooperative banking 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 carr ...

. Unlike traditional

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

s, which prioritize shareholder profits, mutual banks focus on serving their members' interests. They reinvest profits back into the institution to benefit customers, offer a range of banking services, and often have a community-oriented approach. Regulations around mutual banking vary by country.

References

{{Finance-stub Banking Legal entities Anarchist theory Mutualism (movement)

See also

References