Crédit Mutuel
Crédit Mutuel is a French cooperative bank, with headquarters in Strasbourg, Alsace. Its slogan is "La banque qui appartient à ses clients, ça change tout!". It is currently run by Nicolas Théry and has 32.5 million customers. It is a member of the International Raiffeisen Union, which is an association of cooperatives based on the ideas of Friedrich Wilhelm Raiffeisen.Controversy
In 2010 the French government's Autorité de la concurrence fined eleven banks, including Crédit Mutuel, the sum of €384,900,000 for colluding to charge unjustified fees on check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.
