cooperative bank

noun

1. a US name for building society

Example Sentences

Police found that within four minutes of reaching ICICI, most of her money was funneled into 11 accounts at Sree Padmavathi Cooperative Bank, an affiliate of Federal Bank in Hyderabad city.

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In May, police arrested former director of the cooperative bank Samudrala Venkateshwaralu - he remains in jail, with the court rejecting his bail petition three times "considering the gravity and far reaching impact of cyber frauds".

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Maria Cearns, chief operating officer for the Cooperative Bank, said the lender signed up to 159 three years ago "because it provides a really quick and easy way for customers to contact us and to help us as soon as they see something that is suspicious."

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When in need of quick cash for a sudden emergency, residents can turn to the center’s cooperative bank, which offers microloans at low interest rates.

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“They come here because their families were destroyed, they lost their business or they became homeless on the streets,” said Kim, who runs the cooperative bank.

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