Seward Co-op's GM, Sean Doyle, has a passion for finances, and he's here to share his passion with you! Sean discusses some unique lending avenues available to many co-ops and why equity may just be the key to the cooperative difference.
One of the key moments in a co-op’s business cycle comes at the end of a fiscal year when it becomes clear how much profit the co-op has generated that year. At that time, the co-op’s board needs to decide how much of that profit will be allocated as patronage dividends, how to divide that dividend between cash returned to members and savings held [...]
The “Patronage Dividends for Food Co-ops” Toolbox (available as a free download in the Columinate library) describes the power of patronage dividends as a tool for building strong cooperatives and outlines the steps needed to implement this system. One of the key moments in a co-op’s business cycle comes at the end of a fiscal year when it becomes clear how much profit the [...]
Our culture has a lot of beliefs about money that range from its worship to seeing it as the root of all evil. Food cooperatives especially have been historically conflicted about capital, once seeing it as the cause of destructive economic practices, to the point that raising money was once practically shunned. This left many cooperatives under-capitalized and some of them had to close [...]
By Thane Joyal 158 January - February - 2012 When many retail food cooperatives were formed in the 1970s, the distinctions among worker cooperatives, consumer cooperatives and not-for-profit corporations were not considered to be barriers to doing business in a culture of cooperation. Regardless of the legal form used to organize the business, in retail food co-ops across the country, members commonly worked, carrying [...]
By Marilyn Scholl, Joel Dahlgren, Bruce Mayer 148 May - June - 2010 Creating solutions begins with building the foundation for the future you want. One of the remarkable things about cooperation is that mutualism encourages solution-oriented growth, built on a vision of the common good. How profitability and capitalization are handled in cooperatives is an indicator of how much the co-op is actively [...]
By Marilyn Scholl 136 may - june - 2008 Interest in food cooperatives is growing, due both to increased interest in local, natural, and organic foods and to increased awareness of our economic vulnerability. More and more communities want the stability and accountability that a cooperative can offer. Cooperative ownership is an economic model that can create great benefits for our communities and member-owners. [...]
