Difference between revisions of "Mutual"

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*[[Credit union]]
 
*[[Credit union]]
 
*[[Employee Ownership Association]]
 
*[[Employee Ownership Association]]
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*[[Member]]
 
*[[Mutual fund]]
 
*[[Mutual fund]]
 
*[[Shareholder]]
 
*[[Shareholder]]

Revision as of 13:41, 21 August 2018

An organisation owned and controlled by its customers - who are members of the mutual organisation - although day to day management will often be undertaken by professional managers, especially in larger mutuals.

Building societies and credit unions are mutual organisations.


The members do not normally contribute directly to the capital of the organisation.

Rather, they derive their rights to vote and to surpluses, from their customer relationship.


See also