In 1963 the following theory was put forward regarding Democracy: “Democracy is one of the rules of the game for the co-operative movement. Democracy has to be conceived as the method and procedure for combining the interests of the individual with those of the group… You have to socialise knowledge to be able to democratise power effectively”.

In March Caja Laboral held its Annual General Meeting. Representative attended from around twenty associate co-operatives, which shows that it was a co-operatives’ co-operative.

It is curious to note that a return to a culture of saving was very effective in raising the awareness of savers, especially in the early years of Caja Laboral. It is worth highlighting that on 1st May, Labour Day, a new branch office was opened in Oñati.