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.

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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.
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