|It Pays to be a Member
What are the benefits of joining a co-op?
There are many benefits to being a member-owner of a co-operative. In all
Who qualifies to be a member of a co-op?
- you have some control in building a stronger community. The co-op is owned
collectively by local people who make the decisions they feel will best
serve the majority;
- the money you spend at the co-op stays right in the community to be
re-circulated for the benefit of all;
- you have the opportunity to serve on the Board of Directors or on
committees, giving you valuable experience that will benefit you in other
areas of your life while helping your co-op at the same time;
The following benefits vary depending on the size of your local
co-operative. They include, but are not limited to, the following:
- one-stop shopping for just about all of your shopping needs;
- you take savings home every time you shop, on everything you buy;
- a full selection of meats, produce and grocery items;
- a good selection of quality family clothing, including many brand names
like Reebok, Wolverine, and Brooks. There will also be small and large
appliances, TVs, DVD players, stereos, etc. And all at fair, honest prices;
- a Co-op gas bar service will offer considerable savings to member-owners
through coupons that can be redeemed at the Co-op for merchandise. Members
using home heating fuel will receive a special discount.
Anyone can be member of a co-op if they agree to assume part of the
financial responsibility of operating the business. The financial
responsibility varies in each individual co-op.
What are the responsibilities of a co-op member?
Co-op members are required to invest capital in the co-operative and
therefore become shareholders (owners). They are expected to support the
business of the co-operative (it is in their interest). They are encouraged
to participate in the running of the co-operative by contributing ideas and
making decisions on the policies and future development of the society. They
have the right to nominate and be nominated to hold office and vote in the
general meetings. And if elected as a Board member, they are obliged to act
in the best interest of the co-operative.