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There is a cheaper alternative to supermarkets, but most people don't know it exists [It's shopping cooperatives] (www.abc.net.au)

submitted 2 months ago by zero_gravitas@aussie.zone to c/australia@aussie.zone

14 comments fedilink hide all child comments

In short: Families are making significant savings on their grocery bills by forming small shopping co-ops.

Cooperative business structures account for less than 1 per cent of the supermarket sector in Australia.

What's next? The peak body for co-ops is calling for more government support for the business model.

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[–] Fluid@aussie.zone 3 points 2 months ago (2 children)

Do it. I don't understand why more people don't join credit unions / mutual banking. There's literally no downsides, they have all the same services, protections, minus the fees. It's a no brainer.

[–] Deceptichum@quokk.au 3 points 2 months ago* (last edited 2 months ago)

Knowledge/Recognition I’d say.

Most people could tell you the names of the Big 4, doubt they know any CUs. Let alone if they even know what they are.

[–] vividspecter@lemm.ee 1 points 2 months ago

Fees have almost entirely gone away for most banks these days (at least the ones I've used), so I get the inertia. It certainly didn't make sense when people would stay on the likes of CBA back when they had monthly fees and a savings rate much lower than third party banks and some credit unions.