cooperative bank

Definition of "cooperative bank"
  1. A type of financial institution whose ownership and management reside with its members, and which provides them with banking products and services
How to use "cooperative bank" in a sentence
  1. She decided to save for her new house through a cooperative bank since they offer better interest rates.
  2. The local community started a cooperative bank to assist with economic development.
  3. As a member, he was able to receive a low-interest loan from the cooperative bank.

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