The Consumers Cooperative Society of Santa Monica was formed in 1936 by a small group of individuals working together to enhance the lives of members and their community.
Proudly Serving Our Members for Over 75 Years
Now close to 30,000 members strong, the Santa Monica Co-Op is dedicated to providing a variety of services our members need. At the same time, we are committed to supporting local communities through education, financial literacy and community service.
Lauded for weathering the 2008 financial crisis, but still snubbed in the business ecosystem, the co-operative sector now has reason to be back under the limelight.
The largest 300 co-operatives worldwide have a turnover of $2.2 trillion, according to the 2014 World Co-operative Monitor released [in October] at the International Summit of Co-operatives in Quebec City, Canada.
If the top 300 co-operatives formed a country, the report suggested, their combined turnover would be roughly equivalent to the national income (or gross domestic product) of Brazil, the seventh largest economy in the world.
“Our movement is a global economic player with an important stake in the world’s economy,” said Dame Pauline Green, president of the International Co-operative Alliance, which produced the report.
Source: Financial Times Advisor, October 23, 2014; Read the full article by Philippe de Montigny
Did you know?
- Over 1 billion people are members of cooperatives worldwide.1
- It is estimated that cooperatives account for more than 100 million jobs around the world, 20% more than multinational enterprises.1
- In the United States, more than 29,000 co-operatives operate in every sector of the economy and in every congressional district. Americans hold over 350 million co-operative memberships. 2
- Land O’ Lakes, Ace Hardware and Ocean Spray are cooperatives.