What is a credit union?
AnswerA member-owned financial cooperative
Credit unions are owned by their depositors.
Business · Facts & stats
Co-op facts & stats
7 fact-checked facts about cooperatives and member-owned businesses, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What is a food co-op?
AnswerA grocery store owned by its members
Food co-ops are member-owned grocery stores.
Going deeper
When is the International Day of Cooperatives celebrated?
AnswerThe first Saturday of July
The ICA and UN mark it on the first Saturday of July.
Which German reformer pioneered rural credit cooperatives in the 1800s?
AnswerFriedrich Wilhelm Raiffeisen
Raiffeisen founded cooperative lending societies for farmers.
Which organization, founded in 1895, represents cooperatives worldwide?
AnswerInternational Co-operative Alliance
The ICA was founded in London in 1895.
Expert level
The United Nations declared which year the International Year of Cooperatives, for the first time?
Answer2012
The UN first named 2012 the International Year of Cooperatives.
What is a patronage dividend?
AnswerA payment to members based on how much they used the co-op
Surplus is returned to members in proportion to their use.
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