Final answer:
Credit unions/mutual banks, employee benefit and pension plans, mutual insurance companies, farms rural cooperatives, and trusts are examples of cooperative organizations that are owned and operated for the benefit of their members.
Step-by-step explanation:
Credit unions/mutual banks, employee benefit and pension plans, mutual insurance companies, farms rural cooperatives, and trusts are examples of cooperative organizations. These organizations are formed to serve the needs and interests of their members, who are also the owners of the organization. They operate based on the principles of cooperation, mutual assistance, and democratic decision-making.
Credit unions, for example, are nonprofit financial institutions owned and operated by their members. Members of a credit union determine who is eligible to become a member, and the credit union provides services such as accepting deposits and offering loans to its members. Similarly, employee benefit and pension plans are established by employers to provide retirement benefits to their employees.
Cooperative organizations like mutual insurance companies, farms rural cooperatives, and trusts also operate on the principle of member ownership and benefit. Mutual insurance companies are owned by policyholders who share the risk and benefits of the insurance policies. Farms rural cooperatives are formed by farmers to collectively market their products and access resources. Trusts, on the other hand, are legal arrangements where one party holds property or assets for the benefit of another party.