Cooperative sector

Cooperative board management on Mithaq

Credit unions, consumer cooperatives, worker cooperatives.

What a cooperative board is accountable for

A cooperative board answers to members who are also depositors, customers or workers, and it has to hold the line between serving them today and remaining solvent for them in ten years. Credit unions add a regulator on top of that, and the two pressures pull in opposite directions.

What recurs on the agenda

01Member lending policy, delinquency and the provisioning that follows it
02Reserve and capital adequacy against the cooperative statute or regulator floor
03Dividend or rebate declaration and its effect on reserves
04Director elections, term limits and the independence of the supervisory committee
05Related-party lending to directors and staff, declared and separately approved

Member confidence in a cooperative is rebuilt with disclosure, not with reassurance. The annual pack either shows the arrears and the insider loans or it does not.

Powered by the Mithaq core

Cooperative tenants run on Mithaq's 42 universal governance modules: meetings, decisions, audit trail, members, documents, contracts, budget, accounts and the rest. Sector-specific modules appear here when we onboard the first customer in the sector; we do not advertise a module before it ships.

Types of cooperative board

Cooperative is broad. These are the kinds of board we onboard, and what each one loads.

Credit union

اتحاد ائتماني

Credit-union member-owned governance.

43 modules visible, 1 specific to this type: Member shares

Consumer cooperative

تعاونية استهلاكية

Consumer-owned cooperative.

42 modules visible. No extra type-specific modules; this runs the Mithaq core plus the sector set as-is.

Run your cooperative board on Mithaq

Cloud at OMR 50 per month per tenant, your own domain on the same plan, or fully on-premise in your data centre from OMR 3,000 a year. Bilingual Arabic and English by default.

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