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What is a Co-Op?

Cooperatives, including the Farm Credit Bank of Texas and other Farm Credit lending institutions, are businesses with certain unique characteristics. A cooperative business:

• Is owned and democratically controlled by its members — people who have organized to provide themselves with needed goods and services
• Is voluntary and operates for the benefit of its member-owners
• Takes advantage of economies of scale by pooling buying power
• Returns any profits, after bills are paid and money is set aside for operations and improvements, to the co-op members