Basic Principles of a Cooperative

 
The basic principles of a cooperative, to which we subscribe, are:
  1. Voluntary Membership
    • Cooperatives are voluntary organizations open to persons willing to accept the responsibilities of membership. The relationship can be voluntarily ended at any time.
  2. Democratic Member Control
    • Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. Members have equal voting rights (one member, one vote).
  3. Member Economic Participation
    • Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative.
  4. Autonomy and Independence
    • Cooperatives are autonomous, self-help organizations controlled by their members.
  5. Education, Training, and Information
    • Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperative.
  6. Cooperation among Cooperatives
    • Cooperatives often work together through local, national, regional, and international entities.
  7. Concern for Community
    • While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their memberships.

You've read:
 
If you’d like to know more about what being a cooperative means to us – and to you – explore our website and contact the IWDC.
view more

News

Jul
24
WestAir Expands Oilfield N2 Services and Depot
WestAir Expands Oilfield N2 Services and Depot
Jul
20
IWDC Member Haun Welding Supply Gets State Approval for Welding Education
Haun Welding Supply, of Syracuse, N.Y., has received state approval to begin offering an apprenticeship related classroo...
Jul
12
IWDC Sets All-Time Record!
Indianapolis, IN- July 12, 2017- IWDC Exceeds $21 million in June!