What is the most successful cooperative?

The world’s biggest 300 co-operatives
1CrŽdit Agricole GroupBanking / Credit Unions
2Groupe Caisse D’EpargneBanking / Credit Unions
3Zen-Noh (National Federation of Agricultural Co-operatives)Agriculture / Forestry
4ConfŽdŽration Nationale du CrŽdit MutuelBanking / Credit Unions
4 Jan 2012

What are local business examples of cooperatives?

Cooperatives provide services in areas where private for-profit businesses don’t see sufficient profit potential. Common examples of cooperatives include agricultural cooperatives, electric cooperatives, retail cooperatives, housing cooperatives and credit unions.

What are the top 5 types of cooperatives?

Types of Cooperatives
  • 1) Retail Cooperatives. Retail Cooperatives are a type of “consumer cooperative” which help create retail stores to benefit the consumers making the retail “our store”. …
  • 2) Worker Cooperatives. …
  • 3) Producer Cooperatives. …
  • 4) Service Cooperatives. …
  • 5) Housing Cooperatives.

What are the 4 types of cooperation?

Types of Cooperation and Role of Cooperation
  • (i) Direct Cooperation.
  • (ii) Indirect Cooperation.
  • (i) Primary Cooperation.
  • (ii) Secondary Cooperation.
  • (iii) Tertiary Cooperation.

What are the top 10 cooperatives in Philippines?

Top 20 Largest Cooperatives in the Philippines
CooperativeTypeNo. of Members
PLDT Employees Credit Cooperative (PECCI)Multi-purpose9,364
DCCCO Multi-purpose CooperativeMulti-purpose109,565
AFP Finance Center Multi-Purpose CooperativeMulti-purpose30,199
16 nov 2020

What is the first cooperative in the Philippines?

The College Consumers Cooperative
The College Consumers Cooperative, the first cooperative ever organized in the Philippines, started at PhP4,000.00 paid up share capital for selling books and other supplies. The College Coop was first named as Agricultural Cooperative Company.

Is PLDT a cooperative business?

PLDT Employee Multi-Purpose Cooperative (TELESCOOP) is a PLDT cooperative that offers financial empowerment to members who are stakeholders of the company and its subsidiaries. It aims to provide prompt, efficient, quality and innovative service that complies with the principles of “cooperativism”.

What makes cooperative successful?

To be successful, a cooperative must have: Workable and practical financing program for members’ provident needs; A program for promptly liquidating all its current borrowings; A fair policy on lending and collection; A vigorous members savings program; An effective program for building up co-op capitalization; An …

What is the largest co-op in the United States?

CHS Inc.
WASHINGTON, Oct. 4, 2016 – CHS Inc., a fuel, grain and food cooperative based in Inver Grove Heights, Minnesota, remains the largest cooperative in the United States, according to a new USDA report on the nation’s top 100 coops.

Which country is known as land of cooperative?

Brazil Wins Title Of Most Cooperatives in the World

Its work to extend healthcare across the country is an emblematic example of enterprise and inclusion.”

Which is the largest cooperative in India?

IFFCO is the biggest cooperative in the world by turnover on GDP per capita. It was founded on 3 November 1967 IFFCO is India’s largest fertiliser manufacturer. IFFCO reaches over 50 million Indian farmers, with around 35,000 member cooperatives.

How many cooperatives are there in the world?

3 million cooperatives
There are 3 million cooperatives worldwide; together, they provide employment for 280 million people, equating to 10 % of the world’s employed population. The 300 largest cooperatives and mutuals in the world had a total turnover of US$2.018 trillion in 2016.

What are the largest electric cooperatives?

Touchstone Energy Cooperatives are: Part of the largest electric utility network in the nation. Total more than 700 local systems in 46 states.

Is a cooperative a government entity?

Cooperatives as legal entities

A cooperative is a legal entity owned and democratically controlled by its members.

What is a cooperative business?

A cooperative is defined as a user- owned and controlled business from which benefits are derived and distributed equita- bly on the basis of use or as a business owned and controlled by the people who use its services. In many respects, cooperatives resem- ble other businesses. They have similar.

What are the three main types of cooperatives?

Types of Co-ops
  • Consumer Cooperatives. Consumer cooperatives are owned by members who use the co-op to purchase the goods or services that they need. …
  • Worker Cooperatives. …
  • Producer Cooperatives. …
  • Purchasing or Shared Services Cooperatives. …
  • Multi-stakeholder Cooperatives.

What is the purpose of cooperative?

The user-benefit principle. Assures that the cooperative’s only purpose is to provide and distribute benefits to members based on their use. Benefits may include a service otherwise not available, advantages from volume purchasing or sales, or distribution of profits based on mem- ber use of the cooperative.

What is cooperative in simple words?

adjective. working or acting together willingly for a common purpose or benefit. demonstrating a willingness to cooperate: The librarian was cooperative in helping us find the book.

What are community cooperatives?

Our definition is this: A community cooperative is a business, club, program or project where the product or service is created using Time Credits. Here are the stories of three examples of community co-ops, each one benefiting from lessons learned from their predecessors.