3. Cooperative Credit Unions: The members of a cooperative organisation, jointly own and manage this financial institution for the interest and benefit of its members or shareholders. They offer similar facilitiesas provided by the banking institution, but the service is limited to its shareholders or members. The union collects the saving and deposits from shareholders in return for some attractive interest rates and the same funds accumulated is offered as a loan to the other shareholders meeting the lending criteria set. However, these organisations do operate with a non-profit motive and generally charge lesser fees and interest rates as compared to the banking institutions.