The basic principles of a cooperative, to which we subscribe, are:
- 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.
- 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).
- 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.
- Autonomy and Independence
- Cooperatives are autonomous, self-help organizations controlled by their members.
- 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.
- Cooperation among Cooperatives
- Cooperatives often work together through local, national, regional, and international entities.
- Concern for Community
- While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their memberships.
Learn More:
Facts about Cooperatives
Five Types of Cooperatives
If you want to know more about what being a cooperative means to us – and to you – explore our website and contact the IWDC