More than just a banking cooperative, MadisonHours.org provides a unique independent currency to the Madison, Wisconsin community. The system can best be described using quotes from the community website for MadisonHours:
Madison Hours are community currency, issued by the people of the Madison area to increase our local money supply. Because they remain local, Hours enhance and strengthen the economy by employing a local person each time they circulate, without ever draining away to distant parts of the country or world. Since they have value only when they are circulating, participants should emphasize earning and spending Hours rather than saving them. You can earn and spend Hours just like federal cash with those individuals and businesses listed in the HOUR Community paper by calling the number printed. Many times, if costs are incurred that cannot be met locally, partial payments of federal currency are requested during the transaction. Each negotiation of goods and services is unique. Anyone can agree to accept Hours, you do not have to be listed to do so.
Madison Hours have a wide variety of restrictions on use – the most important being that they are local community specific. This is currency that can not be spent on a international conglomerate corporation.