### Question
How does DEFINITIONS define cooperative bank?


### Answer
Under *26 U.S.C. § 7701*, **cooperative bank** is defined as:

> an institution without capital stock organized and operated for mutual purposes and without profit, which—



(A) either—



(i) is an insured institution within the meaning of section 401(a) [2](#7701_2_target) of the National Housing Act (12 U.S.C., sec

#### Citation:
  - *26 U.S.C. § 7701*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 79-DEFINITIONS**

