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MEMBERS MAKE COOPERATIVES WORK

Published bySilvester Bryan Modified over 6 years ago

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Presentation on theme: "MEMBERS MAKE COOPERATIVES WORK"— Presentation transcript:

1 MEMBERS MAKE COOPERATIVES WORK
USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

2 Exercising Member Responsibilities
Commitment and Use Ownership and Control Finance USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

3 Member-Owner Commitment and Use
Commit to Use Products and Services Maintain Control Provide Financing USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

4 Member-Owner Commitment and Use
Using the cooperative is members’ easiest responsibility to carry out, and by using it as much as they can, members help the cooperative succeed USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

5 Member Ownership and Control
Know legal responsibilities Understand the Cooperative Make decisions Vote Express opinions Serve (board/committees) USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

6 Member-Owners Have Legal Responsibilities
Incorporate Approve legal documents Elect directors according to mandated State law and cooperative policy Ensure that general business and cooperative-specific laws are followed Make major decisions that alter legal status USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

7 Owners Must Understand Their Cooperative
Know and understand its Definition and history Mission or purpose Articles and Bylaws Organizational structure and staffing Products and services Policies USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

8 Member-Owner Financial Responsibilities
Control follows finance Finance in Proportion to Use Most capital from members Distribute earnings according to use (patronage) Return equity to inactive members Revolve equity USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

9 Ways Member-Owners Finance Cooperatives
Direct Investment Retained margins Per-unit retains Start-up capital USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

10 Using the Cooperative Is Essential for
Maintaining control Achieving business success Fulfilling member needs Producing continuing benefits USDA, RBS, CIR 11 Chapter 2 - Members Make Cooperatives Work

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