Financial Philosophy & Positioning
The strength and viability of the Co-Op is vested in our ability to obtain and retain a strong equity base. This equity is obtained through an annual membership renewal fee of $10.00 which is safely invested in financial institutions supporting our mission of expanding the cooperative form of business, supporting financial services, supporting general cooperative education and participating in cooperative group purchasing arrangements.
Patronage and participation is rewarded by providing access to cooperative forms of business and returning value to the community through the fulfillment of our mission.
Our financial philosophy is:
- To preserve equity
- Invest our equity safely
- Accumulate sufficient equity to spend earnings
- Minimize administrative expenses