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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 4 months ago by [email protected] to c/[email protected]

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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[–] [email protected] 11 points 4 months ago (1 children)

I need to start ditching more companies. Reminds me I also need to look into leaving commbank for a credit union.

[–] [email protected] 3 points 4 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.

[–] [email protected] 3 points 4 months ago* (last edited 4 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.

[–] [email protected] 1 points 4 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.