Mutual associations are organizations formed by individuals or groups who come together to achieve common goals, often related to shared interests or needs. These associations typically operate on a cooperative basis, where members contribute resources and share benefits. Examples include credit unions, insurance cooperatives, and trade associations. Members of mutual associations often have a say in decision-making processes, promoting democratic governance within the organization. The focus is on mutual benefit rather than profit, which distinguishes them from traditional businesses. This structure fosters a sense of community and collaboration among members, enhancing their collective strength and resources.