Coop Bank and Coventry logos

24 May 2024

Latest: Bank back in mutual hands

Coventry Building Society acquires 100% of Co-operative Bank.

The bank told us:

"this combination is compelling for all stakeholders, including The Customer Union through providing improved products, value and service for both existing and new customers on a larger, more resilient scale.

Both businesses share a complimentary and powerful mutual/ co-operative heritage which is increasingly relevant in modern society."

Further details here.


 

Thanks to everyone who supported our crowd funding campaign. We raised over £20,000 - well clear of our target of £18,000!

Is this why you joined the Co-op? - Co-operative Bank advert from the 1990s

Join 10,000 other members and supporters in the world's first independent customer union

The Customer Union for Ethical Banking has two aims:

  • Ensure that the Co-operative Bank maintains its powerful ethical stance, led by customers
  • Work for an eventual return of the bank to co-operative ownership

It costs just £15 a year to become a full member.

The Customer Union is a cooperative itself, owned and democratically controlled by its members.

You can learn more about the history of this unique organisation here.

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