I’ve known a few in the U.S., and even worked at one. Maybe people won’t become billionaires doing this, but why wait for a complete overhaul of society to implement more of what are good ideas.
I’d also like to see more childcare co-ops, or community shared pre-k schools. Wheres the movement to build communities and pool resources around these business models in the US? In short, co-ops are the closest socialist/communist business model that’s actually implemented in the U.S., so why are more leftists not doing this?
Yeah, I’ve lived in Germany and those are terrible. Most charge monthly fees.
Some waive the fees if you have direct deposit or a minimum balance, but if you loose your job or leave the country for a decade, they’ll fuck their members pretty hard
Credit unions in the US are nonprofit banks that are coops. Everyone who is a member votes on what to do with the excess revenue, which usually gets paid as dividends back to the members (everyone with a bank account) or gets reinvested to cover cool services like ATM refunds (as in, they give you money for fees charged by other banks), free travel/phone insurance, etc.
Its curious that the idea of a credit union was born in Germany but modern German credit unions suck
Yeah, they’re for-profit banks and not everyone is a member who has an account.