SAFE Credit Union to Combine with BECU - Nov 18, 2025 Combination creates an even stronger financial cooperative for accelerated investment in member benefits and community impact SEATTLE and FOLSOM, Calif , Nov 18, 2025 PRNewswire -- BECU and SAFE Credit Union today announced they have signed a definitive agreement to combine, uniting two purpose-driven credit unions with a shared commitment to the financial well-being of their members and
Cooperative - Wikipedia A cooperative (also known as co-operative, coöperative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise " [1] Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of
WHAT IS A CO-OP? - Cooperatives A cooperative or co-op is a business structure that is owned and democratically controlled by its member-owners who utilize its services The cooperative is formed because of the recognition by persons that as individuals they cannot achieve their economic or social goals by working separately
What is a Cooperative? - NAAE A cooperative is a business organization that is owned and governed by members who use its products, supplies, or services, rathan than by stockholders Although cooperatives vary in type, membership size, and services, all were formed to meet the specific objectives of members, and are structured to adapt to member's changing needs
Understanding the Concept and Definition of Cooperatives Cooperatives are people-oriented organizations that prioritize the needs and benefits of their members over capital gains Unlike traditional businesses that are capital-oriented, cooperatives are driven by the principles of democracy, equality, and mutual aid