How To Locate Cooperative Bank Branches

When you are looking for cooperative bank branches to help you meet your banking needs, your search might often begin on the Internet. Cooperative banks are banks whose services are developed and provided for specific cooperative industries, like farming, healthcare, education, and long-term care. You typically must qualify in order to be a member of a coop bank.

Coops assist in a broad range of financing projects with the government-granted mission of improving communities. Cooperative banks were formed with government grants through the Credit Union Act of 1934 and have continued to be an integral part of communities throughout the United States and around the world. Most coop banks offer online banking services, with a less intensive focus on branches than typical commercial banks.

Coop banks provide innovative lending to housing, healthcare, and education projects that are designed to help a community reach its goals. For individuals, coop banking is a great way to become a part of something with real benefit. Local credit unions may not have the same number of branches as commercial banks, but they often provide better interest rates, lower fees, and better approval rates to their members for financial resources. There are more than 12,000 credit unions with 76 million customers in the United States.