Basic Principles of a Cooperative

Cooperatives are voluntary organizations open to persons willing to accept the responsibilities of membership. The relationship can be voluntarily ended at any time.

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).

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.

Cooperatives are autonomous, self-help organizations controlled by their members.

Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperative.

Cooperatives often work together through local, national, regional, and international entities.

While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their memberships.