Memberships ~ Neerlandia Co-op

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Co-op Memberships

The Neerlandia Co-op is a business with a difference. The difference is that it is 100% locally owned and operated and is controlled by its members. It also gives back to the community in a great way.

Anyone can become a Co-op member. All they have to do is fill in an application form and pay a share fee of $25 and they are a share-holding member.

A unique feature of the Co-op is that it is locally-controlled. The Co-op's one member-one vote system, opens up exciting opportunities for members to participate in the decision-making process of the Co-op. Members are encouraged to attend the annual meeting and participate in establishing the policies and bylaws which direct the operation of the organization.

The surplus or 'savings' generated by each retail co-op belongs to the members and can be repaid in cash or allocated to member's equity accounts. On the surface, the Co-op looks very much like any other local business. However, unlike other businesses, any savings generated by the Co-op are returned to member-owners, proportionate to the amount purchased from the Co-op during the year. These member savings accumulate as equity in each member's share account, so the more a member supports the Co-op, the greater his or her equity will become.