The Savings & Cooperative Banks industry is comprised of financial institutions that provide savings and loan services to individuals and businesses. These banks offer a variety of services, including savings accounts, checking accounts, certificates of deposit, and loans. They also provide services such as money transfers, foreign exchange, and other financial services. Savings & Cooperative Banks are typically owned by their members, and profits are shared among them. These banks are regulated by the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA).