Why Be a Member of a Cooperative?

Cooperatives are as diverse as the industries they serve, ranging from power and gas to agriculture and industrial purchasing groups. At first glance, they may appear to be like any other business, but they have a distinct focus and operating style. 

Co-ops prioritize their members’ needs with the benefits and services they provide rather than focusing on profits or ROI. Let’s explore how Cooperatives operate and why you should consider joining one as a member.

What Is a Cooperative?

A Cooperative is a democratically run business controlled by the people who use its services or work there. These individuals, known as members or member-owners, are foundational to the business’s success. By joining a Co-op, like-minded individuals can unite to run a business and realize their common economic, social, and cultural aspirations.

What Does It Mean to Be a Member of a Cooperative?

As a member of a Co-op, you are a partial owner in the Cooperative, giving you a voice in major decisions brought to a vote by the membership.

Membership also means that you have access to the Co-op’s goods and services, and you benefit economically from its profits and surpluses.

What Are the Benefits of Cooperative Membership?

Joining a Co-op offers significant benefits. As a member, you know that when you put something in, you get something out. It works both ways, with members being expected to participate economically and democratically.

Other benefits of Cooperative membership include:

• Economic and growth opportunities: By banding together, Co-op members can access economies of scale, allowing them to buy goods in bulk at lower per-unit prices. When you join a Cooperative, you get the opportunity to grow alongside the organization’s products and services. 
• Ownership status: All Cooperative members are member-owners, which often entitles them to special discounts, deals, education, training, services, and sometimes even a dividend check at the end of each year. Unlike profit-driven businesses, Cooperatives exist to serve their members, employees, and communities. The primary focus is on meeting their needs.
• Independent operation: A Cooperative is fully independent, run by its member-owners. If changes are needed, or mergers and agreements are proposed, the members get to decide whether it’s in the Co-op’s best interests. All representatives on the board of directors are elected officials, which gives means members have direct influence on the Cooperative’s leadership and key decisions.
• Inclusive membership: Co-ops typically have an open enrollment period during formation, allowing anyone to join voluntarily, regardless of their ethnicity, gender, or educational background.

Cooperatives also have benefits for the regions they operate in. They generate revenue for their members while also contributing to the local economy, resulting in consistent circulation that supports the community.

Why Survey & Ballot Systems (SBS) Supports Joining a Cooperative

At SBS, we believe in the power of togetherness embedded in the foundation of Cooperatives. Anyone can patronize a business, but those involved with Co-ops have a say in how that organization is run and its future direction.

We’re big fans of Co-ops, and it’s our privilege to assist so many of them in executing successful member elections.

Why Your Cooperative Needs Trustworthy Electoral Systems

As you’ve seen above, the democratic process is an essential part of any Co-op’s existence and successful function. Ensuring that elections are fair and transparent is vital for various reasons, including:

• Encouraging trust in the system
• Ensuring accurate results for votes
• Keeping members satisfied
• Maintaining member input

Elections play a role in every aspect of the Cooperative, from ensuring that the Co-op leadership reflects member decisions to providing the confidence members need to vote and trust the system.

Contact Us Today to See How We Can Help With Co-Op Elections

Does your Co-op have questions about optimizing its election process and ensuring members’ voices are heard? Feel free to contact us. We utilize industry-leading surveys and voting systems, enabling us to support Cooperatives in refining their democratic processes.

For a premium service that helps your Cooperative thrive, request a quote or call us at 800-974-8099 to get started.

Want to Learn More? Check Out These Articles:

• Member Engagement Survey
• Why Should I Vote in My Co-op’s Election?
• Adjusting Co-op Bylaws for Modern Voting
• Why Is It So Important to Find Nominees for Your Cooperative Election?