takarékszövetkezet
A takarékszövetkezet, often translated as savings cooperative or credit union, is a member-owned financial institution. These institutions are primarily found in Central and Eastern Europe, with a significant presence in Hungary. Unlike traditional banks, takarékszövetkezetek are owned by their members, who are also typically customers. This ownership structure is intended to ensure that the cooperative's primary goal is to serve the interests of its members rather than external shareholders.
The core activities of a takarékszövetkezet include accepting deposits, providing loans, and offering various other financial
Historically, takarékszövetkezetek have played a vital role in supporting local economies and providing access to financial