Cooperatives are a vehicle for people collectively ‘doing it for themselves’ - whether that’s responding to a market opportunity, or meeting an identified need that neither the market nor the public purse provides. They engage people in their own solutions and enable members to share the risks and development costs of the business. They also draw from the knowledge, skills and expertise that diverse members bring.
Cooperatives provide their members with mutual support. They link members together so that they can help one another - perhaps by sharing ideas, costs, resources and equipment. In multi-stakeholder co-operatives workers, users and the community can be linked for mutual endeavor.
Cooperatives are democratically owned and run, giving members real control over the direction of their enterprise and enabling all stakeholders to contribute to the success of the business.
In worker cooperatives this can galvanize the creativity and commitment of the employees in a way many other businesses cannot. The members of consumer or community cooperatives are able to define the business that meets their needs and bring their skills and commitment to its success. Cooperatives are often very attractive to public service workers who want to be liberated to provide a high quality service.
The Cooperative Principles:
Cooperatives are based on seven principles agreed by the International Co-operative Alliance:
1. Voluntary and open membership. Cooperatives are voluntary organisations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.
2. Democratic member control. Cooperatives are democratic organisations controlled by their members, who actively participate in setting their policies and making decisions. Men and women serving as elected representatives are accountable to the membership. In primary co-operatives members have equal voting rights (one member, one vote), and co-operatives at other levels are also organised in a democratic manner.
3. Member economic participation. Members contribute equitably to, and democratically control, the capital of their co operative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any of the following purposes: developing their co-operative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.
4. Autonomy and independence. Cooperatives are autonomous, self-help organisations controlled by their members. If they enter into agreements with other organisations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.
5. Education, training and information. Cooperatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives. They inform the general public - particularly young people and opinion leaders - about the nature and benefits of cooperation.
6. Cooperation among cooperatives. Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.
7. Concern for community. Cooperatives work for the sustainable development of their communities through policies approved by their members.
What is a cooperative?
A cooperative is a business that is jointly owned and democratically controlled by its members. Cooperatives are trading enterprises, providing goods and services and generating profits, but these profits are not taken by outside shareholders as with many investor owned business - they are under the control of the members, who decide democratically how the profits should be used.
Cooperatives use their profits for investing in the business, in social purposes, in the education of members, in the sustainable development of the community or the environment, or for the welfare of the wider community. Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. Cooperative members believe in the ethical values of honesty, openness, social responsibility and caring for others.
The Cooperative Principles are guidelines by which cooperatives put their values into practice. Cooperation has always existed, but cooperative business became a significant social and economic force in the 19th century, when people engaged in self-help to ensure that their basic needs were met. Today the cooperative movement is a global force and employs approximately 1 billion people across the world.
Enterprises that are owned and controlled by people belonging to a particular community. This may be a geographical community or a community of interest. Normally they will carry out activities that are of benefit to the whole community.
Cooperatives formed by a number of independent businesses, organisations or individuals, and owned and controlled by them. The members enhance their trade or reduce costs by working together on key activities such as leasing premises, buying equipment or marketing the members’ products and services. Multi-stakeholder cooperatives: Enterprises that are owned and controlled by members drawn from a variety of areas.
Membership might include employees of the cooperative, users of the cooperative, local residents, partnership organisations or relevant professionals.
Enterprises whose members are other cooperatives. “By forming a cooperative with other independent businesses, we can share contact, services, labor and expertise, and we can take on projects that would be too big for one member alone.
Cooperatives and social enterprise Social enterprises are businesses with primarily social or environmental objectives. Their surpluses are reinvested in the business or community, rather than being driven by the need to maximize profit for shareholders and owners.
Cooperatives are firmly embedded in the social enterprise sector. Cooperatives are trading businesses which use their surpluses for the benefit of their members. Sometimes the members are the people working in business, but they can be users of the cooperative’s services, consumers of its products, or the local community. In addition, cooperatives often have other social or environmental commitments
The three founders of cooperatives instilled a culture of understanding and communication within the cooperative that is still prominent today, ensuring that employees do not encounter gender issues and inequality in the workplace. Cooperatives appreciate that its members have responsibilities and commitments outside the business and strives to ensure that employees do not take on more work than they can realistically manage
Creditcoop.org Cooperative Members Include:
Credit and collections professionals
Credit repair professionals
Credit reporting professionals
Compliance and Training Professionals
We use the business model of a worldwide cooperative, we create new jobs and business opportunities. We find new markets and stimulate economies by using our cooperative to sell memberships generating revenues from membership sales, advertising partnering, ,affiliate sales, sponsors and donations.
We use member reviews, forums and videos along with chat, worldwide. We have and will continue to receive many other ideas from cooperative members to advertise, employ, educate and sell the idea of compliance training and certification,
Today's Professional Debt Collector, understanding debt buying and selling, the truth about these long misunderstood professions, along with providing product and service affiliate platforms. We provide links to work from home business opportunities. Worldwide marketing of many professional and nonprofessional industries and businesses, including the advocacy of entrepreneurship.
Serving the credit and collections industry since 2007 our cooperative has attracted the interest of all sorts of businesses, collaborators and advocates worldwide. We boast having well over 1000 members who are the brightest minds in their respective industries.
Our management team is composed of entrepreneurs and professionals, including many top executives in finance,banking, credit and collections. Our cooperative is run by it’s members.
In many ways a cooperative is like any other business; but in several important ways it's unique and different. A cooperative business belongs to the people who use it—people who have organized to provide themselves with the goods and services they need.
These member-owners share equally in the control of their cooperative. They meet at regular intervals, hear detailed reports, and elect directors from among themselves. The directors, in turn, hire management to handle the day-to-day affairs of the cooperative in a way that services the members' interests.
Members invest in shares in the business to provide capital for a strong and efficient operation. All net savings (profits) left after bills are paid and money is set aside for operations and improvements, are returned to co-op members.
Over 100 million people are members of 47,000 U.S. cooperatives. These people have organized to provide themselves with goods and services in nearly every sector of our economy. Their cooperatives may be organized in a number of ways and for many purposes.
Cooperatives operate for the benefit of member-owners. In a cooperative, those with similar needs act together and pool their resources for mutual gain. But the returns are not just monetary. Members ensure that their cooperative business provides the best quality products and services at the lowest possible cost. Members control the business through participation in their cooperative; they extend democratic practice into their economic lives.
Cooperatives work together on the local, regional, national and global level to promote exchange ideas among cooperatives, foster cooperative development, provide educational services, and provide a forum for examining and acting on common concerns for cooperatives. Numerous cooperative associations throughout the United States provide industry-specific services, educational programs, and financial and other services to their member cooperatives.
Cooperatives are united internationally as well. Over 200 national cooperative organizations, representing 92 nations belong to the International Cooperative Alliance (ICA), the apex organization of all national cooperative movements. The ICA aims to promote cooperative development and trade worldwide and boasts an individual membership of more than 700 million people.