Which of the following is formed primarily to promote savings and loans among members?

The Co-operative Thrift and Credit Society is formed primarily to promote savings and loans among members. A co-operative thrift and credit society is a type of financial institution that is owned and operated by its members. Its main purpose is to provide its members with a safe and secure place to save their money and to offer loans at reasonable rates. Members of a co-operative thrift and credit society pool their savings and use these funds to provide loans to other members who need them. This type of society promotes thrift among its members and encourages them to save for the future. It is also a way for members to access credit at a lower cost than they might be able to obtain from other financial institutions.