4. A growing success of the cooperative

Over the years, the cooperative's model has spread to many sectors of the Luxembourg and world economy, thus participating in a more cohesive and respectful society. Citizen initiatives sometimes give rise to the creation of cooperatives, bringing together actors with common interests.

Nowadays you can find:

Cooperative banks such as Banque Raiffeisen;
Cooperative insurance companies, represented by AMICE (l’Association des assureurs mutuels et des coopératives d’assurance en Europe ) ;
Business cooperatives: of traders, in agriculture, forestry and the maritime industry. In Luxembourg examples are Luxlait, Domaines Vinsmoselles, OUNI, Alinéa-Cult and TERRA ;
Cooperative housing such as the project that has been developed in central Merl
etc.

According to the latest figures from the International Cooperative Alliance, today there are about 3 million cooperatives worldwide and that employs about 280 million people, in other words 10% of the working population.

Because this model responds to the member’s values and the objectives they pursue, because it proposes a mode of participative governance, because it aims at the common interest more than at profit, more than 1.2 billion people, one in six, are members of a cooperative.

The cooperative, a unique and attractive model

Would you like to be part of a cooperative bank?