VC Co-op Membership

SEVEN PRINCIPLES OF A COOPERATIVE

Principle #1

Voluntary and Open Membership

Principle #2

Democratic Member Control

Principle #3

Member’s Economic Participation

Principle #4

Autonomy and Independence

Principle #5

Education, Training, and Information 

Principle #6

Cooperation Among Cooperatives 

Principle #7

Concern for Community

Capital Credits

Cooperatives operate under laws, regulations, and rules as other businesses, but, cooperatives are different in the aspect that any profits, or margins, are returned to the members, who own the business. This means that all money left over after expenses are paid is returned to the members in the form of capital credits. Member allocations are based on the member’s billed services.

In simple terms, the more you put into the cooperative, the more you get back.