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

Nov
18
IWDC Members Step Up At Owners’ Meeting Raising Over $30,000!
Indianapolis, IN – November 18, 2019 – IWDC celebrated its 25th Anniversary with a novel art auction event t...
Nov
08
Ray Dillard Wins IWDC’s Top Award
In recognition for his contributions to IWDC, the Industrial Gas & Welding Industry and surrounding greater Richmond...
Nov
07
New IWDC Member, Purity Cylinder Gases, Inc
The IWDC is proud to announce a new addition to our Membership roster, November 11, 2019.