Banks and Credit Unions


by Democracy Collaborative on Nov 13, 2013 | Views: 175 | Score: 1
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Democracy Collaborative
Democracy Collaborative on Nov 13, 2013 9:46 AM said:

In 2012, credit unions passed an important milestone: collectively, these cooperatively owned, one-member-one-vote financial institutions hold more than $1 trillion in assets. Taken together, they would equal the fifth largest U.S. bank, knocking Goldman Sachs out of the top five (this doesn't include other sectors of cooperative finance, which, if taken all together, would comprise one of the largest banks).