2012 - International Year of Cooperatives!
All around the world, in the year 2012, people will celebrate a business model that puts people first, innovates to meet member need and provides local service while being part of a global network.
Cooperative enterprises build a better world—and US co-ops, including Credit Unions, are coming together to celebrate the International Year of Cooperatives.
Credit Unions are Financial Cooperatives and Consumer-Owned
As cooperatively owned and democratically controlled financial institutions, credit unions worldwide contribute to socio-economic development, promote membership and encourage the adoption of policies and legislation that promote long-term growth and stability.
Five Types of Cooperatives
Cooperatives can be formed for individuals, businesses or communities:
Consumer cooperatives are owned by the people who buy the goods or use the services of the cooperative. Consumer co-ops include Credit Unions, child care cooperatives, electric and telecommunications cooperatives, food co-ops, health care co-ops, housing cooperatives, and many more.
It is the most common form of co-op and is organized by individuals who seek to purchase goods and services. By organizing a cooperative, consumers are able to achieve prices and quality not available from for-profit businesses.
For More information about 2012 International Year of Cooperatives click below: