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Economy

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Credit unions are the original challenger banks, but can they take collective action?

Following a series of high profile setbacks, it seems like we’re approaching the end of the…

Scottish minister pledges support for credit unions

Scotland’s cabinet secretary for communities, social security and equalities, Angela Constance, has reiterated the her government’s support…

Report reveals how credit unions are helping members save as they borrow

A report from the Fairbanking Foundation shows the approach taken by credit unions to lending is enabling members…

Credit unions face rising costs as big banks lose profits

Britain’s biggest banks are passing on the costs of falling profits and low interest rates to…

Lloyds allocates £1m Fund to support 21 credit unions

Lloyds Banking Group is granting £1m to 21 credit unions through its Credit Union Development Fund. Credit…

Co-op Group offers paid work and a new life to victims of modern slave trade

The Co-op Group has announced a scheme to help integrate victims of the modern slave trade back into communities by giving…

Co-operative law under review in Singapore

New laws are being considered to improve the governance of co-ops in Singapore, with a review of…

Congress looking to remove VAT tax exemptions for co-ops in the Philippines

The Philippines’ Department of Finance (DoF) is proposing a comprehensive tax reform that threatens to leave co-operatives worse…

A chequered history for the Co-operative Bank, but what’s next for co-op banking in the UK?

The Co-operative Bank markets itself as an ethical bank. It had the first customer-led ethical policy, provides free…

Recycling and energy conservation save Midcounties Co-op £1m a year

The Midcounties Co-operative is saving more than £1m a year through sustainability measures. The society, which operates more than 500…

How can governments help build the platform co-op movement, asks Open:2017

Government at all levels should help platforms co-ops to flourish, Claire McCarthy, general secretary of the Co-operative…

Customers prefer shopping with businesses who pay tax fairly

  Nearly 80% of UK consumers would rather shop with a business that can prove it is…