Cooperatives are a kind of institutions which inside organization and method of work divides them from other kinds of establishments. It is difficult to give a clear and uniform definition of a cooperative enterprise. This is caused by cultural differences and existence of four schools of cooperative thought. There are seven values which underlie cooperative movement. This value structure allows cooperatives to gain their identity. Situation that was caused by the economic crisis proved that cooperatives are the best establishments when it comes to fight recession effects. They are kind of establishments which help people reduce poverty thanks to their original methods of work. Aside from financial help cooperatives can offer other types of support.