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Like any other business, three major types of resources must be managed in a cooperative-people, capital, and facilities. The most important resource in a cooperative is people.
Your co-op's most important document (aka your co-op Bible) is its bylaws (known as rules of association by the BC crowd). Bylaws, along with your articles of incorporation, make up your incorporating documents that outline the co-op's ownership and foundational procedures.
These students argued that the most important aspect of a cooperative was that it was controlled by the member producers. Member control in a cooperative is exercised through the formal voting procedures, and more frequently, through the member's access to the board members and manager.
Cooperative ExamplesRetail outlets, credit unions, utility companies, insurance companies, and day cares are all examples of businesses that may benefit from the association of a co-op. To be more specific, a look at some cooperative examples may provide a better understanding of how co-ops function.
A Cooperation Agreement is a formal business document outlining the basic terms of your agreement with another individual, group or entity. Also called a Memorandum of Understanding or cooperation contract, it's one of the first steps toward a more detailed contract.
In general, cooperatives can develop their bylaws as they wish, if the legislation applying to them allows it. Often bylaws are written according to guidelines provided to cooperatives. Optional sections in the bylaws are often included to meet the requirements of the cooperative's individual purpose.
Cooperative PrinciplesVoluntary and Open Membership.Democratic Member Control.Member Economic Participation.Autonomy and Independence.Education, Training and Information.Cooperation among Cooperatives.Concern for Community.
Types of Co-opsConsumer Cooperatives. Consumer cooperatives are owned by members who use the co-op to purchase the goods or services that they need.Worker Cooperatives.Producer Cooperatives.Purchasing or Shared Services Cooperatives.Multi-stakeholder Cooperatives.
The purpose of a cooperative is to realize the economic, cultural and social needs of the organization's members and its surrounding community. Cooperatives often have a strong commitment to their community and a focus on strengthening the community they exist in or serve.
Overview. Through Farm Service Agency's (FSA) Cooperative Marketing Association Program (CMA), marketing cooperatives can obtain FSA marketing assistance loans and loan deficiency payments (LDPs) on behalf of their members.