What is another word for cooperative credit unions?
Pronunciation: [kə͡ʊˈɒpəɹətˌɪv kɹˈɛdɪt jˈuːni͡ənz] (IPA) 
Cooperative credit unions are financial institutions that are owned and operated by their members, who have access to a range of financial services. Cooperative credit unions can also be referred to as mutuals, building societies, or friendly societies. Mutuals are similar to cooperative credit unions, as they too are owned by their members, and offer financial services such as loans and savings accounts. Building societies are financial institutions that specialize in providing mortgage loans for homebuyers. Friendly societies are another type of cooperative credit union, which provides financial assistance and support to members in need. Overall, cooperative credit unions, mutuals, building societies and friendly societies are all different types of financial institutions that share a common commitment to helping their members achieve financial security.
