Nine Reasons Why Co-ops Are Totally Amazing!
1 Co-operatives Are Democratic
Businesses and organizations that use the co-operative approach are equally owned and controlled by a community of people. One member has one vote.
2 Co-operatives Keep Money & Jobs in the Community
Instead of being owned by a far off corporation, co-ops are owned by the people who use them, which keeps resources in the community.
3 There are Many Kinds of Co-ops
This model isn’t just for “food co-ops.” Other types include farmer, worker, artist, & homeowner co-ops. Credit unions & mutual insurance are also co-operatives!
4 We’re In This Together!
Members/Owners of the co-operatives equally share the burden in hard times and the benefits in good times.
5 Co-ops Are More Resilient
When hard times do come around, Co-operatives pull together to make it through economic downturns. They’re also more successful in impoverished communities.
6 They’re Popular
Did you know that one out of every three Americans is a member of a co-op or credit union? It’s not surprising as there are over 40,000 co-operatively owned businesses in the US.
7 Co-ops Help Power the Economy
Nationwide, co-operatives create 2.1 million jobs and generate more than $650 billion in sales and other revenue annually.
8 We Support Each other
Many co-operatively run organizations help support and promote co-ops around the country. These co-ops’ members are other co-operatives.
9 Any Shape or Size is Okay!
Co-ops can have thousands of members or just a few. There’s no right way to be a co-operative. They’re flexible enough to fit different needs.