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.

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

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News

Jun
05
IWDC Celebrates 30th Anniversary - Continues to Evolve as an Organization!

Indianapolis, IN – June 5, 2024 – Just over three decades ago the Independent Welding Distributors Association (I.W.D.A.) formed the Independent Welding Distributors Cooperative (IWDC) and shortly afterwards merged with the Key Distribution Group (KDG).

Apr
03
IWDC Staff Update - Jayna Goodrich
We are pleased to announce that effective Friday, March 1, Jayna Goodrich joined IWDC as Accounting Manager.
Apr
02
IWDC Staff Update - Kayla Robinson
We are pleased to announce Kayla Robinson’s expanded role, effective Monday, April 1, as IWDC Accounting Supervis...