Cooperative Bank Essay
Co- operative Bank
A cooperative or co-operative is an autonomous association of people who voluntarily cooperate for their mutual social, economic, and cultural benefit. Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use their services or by the people who work there.
The orientations of commercial organization and co-operative organizations are basically different. In a commercial organization, earning and maximizing the profits is the sole motive, whereas in a co-operative organization profit cannot be the sole motive. The prime objectives, in addition to the three fundamentals of co-operation mentioned above are to make available the goods and services in required quantity,
…show more content…
They finance small borrowers in industrial and trade sectors besides professional and salary classes. Regulated by the Reserve Bank of India, they are governed by the Banking Regulations Act 1949 and banking laws (co-operative societies) act, 1965. The co-operative banking structure in India is divided into following 5 categories:
Primary Co-operative Credit Society
The primary co-operative credit society is an association of borrowers and non-borrowers residing in a particular locality. The funds of the society are derived from the share capital and deposits of members and loans from central co-operative banks. The borrowing powers of the members as well as of the society are fixed. The loans are given to members for the purchase of cattle, fodder, fertilizers, pesticides, etc.
Central Co-operative Banks
These are the federations of primary credit societies in a district and are of two types-those having a membership of primary societies only and those having a membership of societies as well as individuals. The funds of the bank consist of share capital, deposits, loans and overdrafts from state co-operative banks and joint stocks. These banks provide finance to member societies within the limits of the borrowing capacity of societies. They also conduct all the business of a joint stock
First Credit Union Mission Statement
524 Words | 3 PagesWith a vision to offer the most needed monetary resource, they are persistent in their efforts to deliver a world of right to use, comfortable and accessible financial services. The America First Credit Union is one of the biggest, established and most enlightened credit union in the U.S. with its members possessing it and its foundation not for income generation but to allow its members manage their finances in a way they want. In respect to their positive longing to influence the lives of their members and the public as a whole, they are expanding their business to make sure that the business serves its purpose having encountered financial problems in the olden times.
BUL 2241: Module 1: Personal Financial Liability Company
625 Words | 3 PagesOne difference is taxation. C corporations are separate taxable entities. They file a corporate tax return and pay taxes at the corporate level. They also face the possibility of double taxation if corporate income is distributed to business owners as dividends, which are considered personal income. Tax on corporate income is paid first at the corporate level and again at the individual level on dividends.
FFA Competition At The Farm Services (FS)
848 Words | 4 PagesThe closest co-op to me is the Farm Services (FS) in Reynolds. Farmers who purchase crop inputs, such as seed and fertilizer, benefit from cooperatives because they are able to get great products from a local distributor. The farmers are also at an advantage because the cooperatives can provide personalized services and expertise to help their customers. The convenient and quality services provided by a Co-op contribute to the local farmer’s profitability. This leads the farmer to have extra funds to hire more help, keeping more jobs local.
Contraceptive Mandate Case
628 Words | 3 PagesThe film “The Corporation” is about corporate America and how it shaped our world today. A corporation is a company or group of people authorized as a single entity and recognized in law. The idea of corporations started hundreds of years ago. Corporations are now much different in today’s world than they were when they started. Corporations are now identified by the law as a person.
Pros And Cons Of West Indians Crediting System
690 Words | 3 PagesThis crediting system started in Brooklyn which happens to be the place majority migrants traveled and settled to after the Second World War West Indians and other races in general stick together; West Indians came up with the idea of rotating credit association. This unique crediting system is defined as an association
Ten Most Profitable Companies: Wells Fargo
295 Words | 2 PagesWells Fargo was found in 1852, Wells Fargo is a diversified, community-based financial services company that provides banking, insurance, investments, mortgage, and consumer and commercial financial services (Wells Fargo Today, 2017). Wells Fargo icon displayed a horse carriage with the logo “Together we’ll
Robber Baron Essay
963 Words | 4 PagesJudging from the article I read I see the term Robber Barons as a perfectly used term. Before the Civil War people were more of a locally relying group. In the process of the Civil war taking place you start having these men that see an opportunity to making small businesses into big corporations. Now, I did say that the term Robber Baron was over used, but I do believe there was a rise of Robber Baron’s in that time period.
Personal Essay: The Philosophy Of Capital One
458 Words | 2 PagesI believe I should be chosen becuase I will bring a hard working persona, a great can-do attitude, and willing to take on any task. I am bilingual, so I can help assist our non-english speakers and I believe I have skills to persuade future customers to be part of Capital One. I am a very dedicated person who tries to always be the best as I can, meaning helping not only myself, to grow, but everyone around me. I strive to achieve many things and take my education seriously. I’ve always been in Honors classes and get good grades, currently I have a GPA of 3.4 but am striving to better myself and get a 4.0.
Wells Fargo, Wells, And William G. Fargo
395 Words | 2 PagesThe company we know today as Wells Fargo began its’ long history in March of 1852 in New York City when Henry Wells and William G. Fargo joined with several other investors to start a shipping company. This was not the first time these two had worked together, however, or the first shipping company that these two men had been founders of. They were both pioneers in the Express industry and used these skill to open their own shipping and banking business. In 1843, seeing the potential in westward expansion, Wells founded his own company with George Pomeroy and Crawford Livingston originally named Pomeroy & Company, then Livingston, Wells, and Pomeroy, and finally, Livingston, Wells, and Company.
The Pros And Cons Of The FFA
1350 Words | 6 PagesBolman and Deal suggest that the first guiding concept is that organizations are coalitions made up of individuals and interest groups (2008) and in order to build a strong coalition an organization must
Publix Executive Summary
191 Words | 1 PagesCompany Overview Publix Corporation is consider to be a leading grocery store in the industry. Publix Corporation ranks on the top list of Fortune 500 best companies to work for. Our company currently operates throughout the United States, and is currently seeking to explore business opportunities internationally. Publix Corporation currently prides itself on being a family oriented, and a great place to buy fresh food, while sampling simple ready to eat meals.
Differences Between The Private Sector, Public Sector And Voluntary Sector
1912 Words | 8 PagesUnderstand organisational structures 1.1 Explain the differences between the private sector, public sector and voluntary sector In the business world there is three main sectors that separate different organisations they are: The private or commercial sector, the public sector and Voluntary or not-for-profit sector. The Public sector aims for goals other than profit but are not operated by the authorities on the other hand the Private and Commercial sectors main aim is to make profit and is the crucial difference between an organisation flourishing and an organisation being liquidated. Unlike the Private and Commercial sector that are funded by either an owner or shareholders the Public sector is funded entirely by the government.
Apple Market Structure
1323 Words | 6 Pagesis known as Corporation. Apple Inc. is one of the leading organizations in technology all over the world, the company had to convert its form of business organization to the corporate form so as to enable them raise the capital needed for expansion and development of new products. A corporation is legal and separate from the owner; they operate on set bylaws and procedures which regulates their operations and decision making process. These bylaws guide the stakeholders in electing the board of directors who then pick the managers. The managers are expected to run the organization with the interests of the stakeholders at heart.
Essay On Importance Of Financial Management
812 Words | 4 PagesFinancial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.
Saving Money Essay: How To Save Your Money
1029 Words | 5 Pages“How am I going to save my money if I can’t go a month without being short on cash?” Is this the question you ask yourself every now and then? Why is saving money that much difficult for you? Saving money needs a hell lot of self-control and self-control is challenging. Not only that, saving is a habit and habits take time and effort to form.
More about Cooperative Bank Essay
First Credit Union Mission Statement
524 Words | 3 PagesBUL 2241: Module 1: Personal Financial Liability Company
625 Words | 3 PagesFFA Competition At The Farm Services (FS)
848 Words | 4 PagesContraceptive Mandate Case
628 Words | 3 PagesPros And Cons Of West Indians Crediting System
690 Words | 3 PagesTen Most Profitable Companies: Wells Fargo
295 Words | 2 PagesRobber Baron Essay
963 Words | 4 PagesPersonal Essay: The Philosophy Of Capital One
458 Words | 2 PagesWells Fargo, Wells, And William G. Fargo
395 Words | 2 PagesThe Pros And Cons Of The FFA
1350 Words | 6 PagesPublix Executive Summary
191 Words | 1 PagesDifferences Between The Private Sector, Public Sector And Voluntary Sector
1912 Words | 8 PagesApple Market Structure
1323 Words | 6 PagesEssay On Importance Of Financial Management
812 Words | 4 PagesSaving Money Essay: How To Save Your Money
1029 Words | 5 Pages