(governed by an assembly where every shareholder/member has 1 vote).

As of 2016, the biggest

was Banca Popolare di Milano (founded in 1865).[citation needed]
Starting in 2016, due to a new law, several cooperative banks will be forced to merge and/or be
converted to società per azioni.

Microcredit and microfinance[edit]

The more recent phenomena of microcredit and microfinance are often based on a cooperative
model. These focus on small business lending. In 2006, Muhammad Yunus, founder of the Grameen
Bank in Bangladesh, won the Nobel Peace Prize for his ideas regarding development and his pursuit
of the microcredit concept. In this concept the institution provides micro loans to requires.

List of cooperative banking institutions[edit]

See also[edit]

 Banks portal

 Building society
 Credit union
 Mutual savings bank
 Rotating savings and credit association
 Savings and loan association

References[edit]
1. ^ https://www.ilo.org/wcmsp5/groups/public/---ed_emp/---emp_ent/---
coop/documents/publication/wcms_207768.pdf
2. ^ Jump up to:a b https://www.fool.com/investing/general/2011/11/22/in-
pictures-banks-vs-credit-unions-in-the-financia.aspx
3. ^ Jump up to:a b https://www.sba.gov/advocacy/how-did-bank-lending-
small-business-united-states-fare-after-financial-crisis
4. ^ Jump up to:a b https://nwcua.org/2014/09/03/credit-unions-twice-as-
trusted-as-big-banks/
 5. ^ Jump up
to:a b https://www.newyorkfed.org/medialibrary/media/smallbusiness/20
16/SBCS-Report-EmployerFirms-2016.pdf#page=23
6. ^ The Co-operative Bank of the UK strictly limits its borrowing from the
markets, according to an October 2008 statement [1]: “... we do not
borrow in the financial markets in order to lend. Our lending capital is
generated from customers' investments and savings, leaving us a
good deal less exposed to the vagaries of the market than many of the
major lenders.”
7. ^ E.g., 12 U.S.C. § 1752(1), available at "Archived copy" (PDF).
Archived from the original (PDF) on 2009-03-30. Retrieved 2009-05-
05.; CUNA Model Credit Union Act § 0.20 (2007); see also 12 U.S.C.
§ 1757, available at "Archived copy" (PDF). Archived from the
original (PDF) on 2009-03-30. Retrieved 2009-05-05.; CUNA Model
Credit Union Act § 3.10 (2007).
8. ^ TNAU. "LAND DEVELOPMENT BANK". TNAU Agritech Portal.
Retrieved 8 January2014.
9. ^ Credit Union Central of Canada. "System Results: National System
Review, Third Quarter, 2012" (PDF). Retrieved 12 December 2012.
10. ^ Co-op Group sells final stake in Co-op Bank, BBC News, 21
September 2017. (retrieved 6 April 2018)
11. ^ "2013 Annual Report" (PDF). www.ncua.gov. National Credit Union
Administration. Retrieved 6 September 2014.
12. ^ Marte, Jonnelle (August 5, 2014). "About 100 million Americans are
now using credit unions. Should you join them?". The Washington
Post. Retrieved September 5, 2014.
13. ^ D. Muraleedharan (2009). Modern Banking: Theory And Practice.
PHI Learning Pvt. Ltd. p. 9. ISBN 978-81-203-3655-1. Retrieved 3
March 2015.
14. ^ "Brief History of Urban Cooperative Banks in India". Reserve Bank of
India. Retrieved 3 March 2015.
15. ^ "Ofek aims to bring 'social banking' to Israel as first credit
union". jpost.com.
16. ^ Jump up to:a b Figures at close of institution's 2007 financial year,
from organization's annual report. If no US$ equivalent given in annual
report, exchange rate of December 31, 2007, used.
17. ^ Jump up to:a b c d "De geschiedenis van Crelan". crelan.be.
18. ^ Banks, BVR, Bundesverband der Deutschen Volksbanken und
Raiffeisenbanken, National Association of German
Cooperative. "Presse – Zahlen, Daten, Fakten – BVR –
Bundesverband der Deutschen Volksbanken und
Raiffeisenbanken". bvr.de.
19. ^ https://www.nationwide.co.uk/-
/media/MainSite/documents/about/corporate-information/results-and-
accounts/review-of-the-year-2018.pdf
20. ^ Desjardins Group figures — Information as at December 31, 2008.
Available at http://www.desjardins.com/en/a_propos/qui-nous-
sommes/chiffres.jsp
21. ^ https://op-year2016.fi/op-ryhma/omistaja-asiakkaat
22. ^ "Key figures". Unico Banking Institute. 2006.
23. ^ Co-operative Bank customers are eligible to join its parent Co-
operative Group
24. ^ 13.1 billion GBP
25. ^ GBP 25.1 million

External links[edit]
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 The European Association of Cooperative Banks
 NCB
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 CIBP
 The Kelly Review
 Cooperative Banking in Canada

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