Cooperative banking

Cooperative banking is a type of banking where people from a community join together to access banking services and products. In a cooperative bank, the members join together to form an organization. This organization is owned by the people in the group, not by a big bank or large investor. The members of the group decide how the bank should be run, and make decisions about what services and products the bank should offer. The members also share in the profits made by the bank, if there are any. Each member gets a "share" of the profits based on how much they have put into the organization.