Can credit union and coop banks replace traditional banks completely?

Edit (adding additional question): Has there been an attempt to do this on a national or societal level?

  • Twoafros@lemmy.worldOP
    3·
    5 months ago

    Thanks for your answer. You’re right, I was hoping to get more answers on the bigger picture change that would happen to society. Particularly since coops and credit unions are more democratic in nature, I wonder how different society would be with more direct control of how they money is managed.