Share on Facebook Share on Twitter Email
Answers.com

Cooperative Bank

 
Banking Dictionary: Cooperative Bank

Member-owned organization, similar to a mutualSavings and Loan Association that makes loans and pays interest on pooled deposits. Cooperatives in the United States are Credit Unions, Federal Intermediate Credit Banks, and Banks for Cooperatives in the Farm Credit System, and state chartered savings associations in several New England states.

Search unanswered questions...
Enter a question here...
Search: All sources Community Q&A Reference topics
 
 

 

Copyrights:

Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more