Question

write a short note on credit cooperative​

Answer 1

Answer:

Hemant Singh. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, arranging credit at competitive rates, and providing so many other financial services to its members.

Answer 2

Credit cooperative :

a financial organization owned and controlled by its members, who can borrow at low interest rates from an amount of money they have saved as a group: Credit co-operatives provide financial services to poor and low-income people in many countries.