The article may contain affiliate links from partners. The words, opinions, and reviews are our own. Learn how we make money to support our financial wellness mission.

A financial cooperative is a type of financial institution that is completely owned and operated by its members. Financial cooperatives can offer an array of financial products ranging from savings and checking accounts to credit cards and loans.

The most common type of financial cooperative is a credit union. The goal of a credit union is to act in the best interest of its member-owners who themselves operate and use the services offered.

Main Menu