In today's financial landscape, we often hear about banks operating under a co-operative model of ownership. This refers to a structure where a group of individuals come together to form a co-operative and jointly manage the bank. In this scenario, the members of the co-operative have a say in the decision-making process and share in the bank's profits. This co-operative model promotes a sense of community and collective responsibility, making it a popular choice for smaller, local banks. These banks prioritize serving the needs of their members rather than maximizing profits for external shareholders.
