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THE COOPERATIVE MODEL
1. Voluntary and Open Membership
Co-ops are voluntary organizations that allow membership opportunities for all.
2. Democratic Member Control
All members have equal voting rights, with one vote per person, ensuring that everyone has a voice.
3. Members' Economic Participation
The members decide how to distribute any surplus capital.
4. Autonomy and Independence
The members of the co-op determine everything it does which allows the co-op to function independently and be self-sustaining.
5. Education, Training and Information
Internal and external education efforts are both necessary practices, highlighting the need for member training and support as well as community engagement.
6. Cooperation Among Cooperatives
Creating a larger network of cooperatives allows independent organizations to better serve their members and the community.
7. Concern for Community
Cooperatives should think and act on both a local and global level.
Citation: 7 Cooperative Principles—Values of a Co-op. (n.d.). NCBA CLUSA. Retrieved June 15, 2022, from https://ncbaclusa.coop/resources/7-cooperative-principles/
The following encompasses the Standard 7 Cooperative principles
Interested in the Cooperative Model??
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Check out START.COOP to learn more!
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For those interested in creating a co-op, reach out to Thrive Consultancy Inc.
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