What does a credit cooperative society do?

It works for the welfare of the society :
• They are formed to give financial support to members.
• Their chief role is to conclusively preserve the rights of producers and consumers (Rural people).
• Acquires deposits from members.
• They tend to eliminate additional profits of middlemen in business and trade.
• Provides loans to the member at reasonable rates of interest. ( Home loan, personal loan, vehicle loan etc.)