Directory of Co-operatives
2 Wych Elm
CUT is a secondary co-operative, a co-operative business democratically controlled by its Credit Union members, all of whom are themselves co-operatives and share certain aims or values in common.
This secondary co-operative is a way for these Credit Unions to do things that help achieve their aims that they would not be able to do by themselves.
Credit Unions need to grow by merging or other means but in doing so they can lose their personal touch by becoming another large, faceless organisation.
CUT can help credit Unions join forces without losing their personal touch and independence but still be able to exhibit the power of one large organisation.