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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
co-op products

A sampling of well-known products from U.S. cooperatives