For
most people "CoOp" brings to mind a local health food store which
is owned and run by its members. This is only one example of a
cooperative. Cooperatives - community or employee owned businesses
or groups - can be formed for businesses of any kind, including
cooperative banks (called credit unions), insurance and health
care companies, day care, agricultural distribution and housing
co-ops. Cooperatives are much more popular than most people realize
-- almost a third of American farmers' products are marketed through
cooperatives, half of the electricity in rural areas comes from
rural electric cooperatives and more than 70 million Americans
use credit unions!
As
mistrust of corporations grows in America, the cooperative core
values of honesty, openness, democracy, social responsibility,
and putting people before profits, is attracting more to consider
the CoOp model. More than half a million American workers have
chosen to take control of their lives and economic choices by
being part of employee-owned businesses. Welch's, Sunkist, ACE
Hardware and the Associated Press are just some of the many employee-owned
companies.
The
cooperative movement is growing throughout the world. The International
Cooperative Alliance (ICA) was formed in 1895 - today it has more
than 200 participating organizations with over 800 million members
in nearly 100 countries! In 1994, the ICA and International Labor
Organization (ILO) launched a global co-operative campaign against
poverty, Co-operating Out Of Poverty, urging the worldwide cooperative
movement to work together to fight poverty by helping the poor
to form cooperatives.
CoOp
Day has been celebrated on the first Saturday in July since 1927
to help promote the cooperative movement and the concept of cooperatives
as an important community-building and economic model. Since 1930,
October has been observed in America as National Co-Op Month to
further promote the importance of cooperatives.