Membership in a cooperative is open to all persons who can reasonably use its services and stand willing to accept the responsibilities of membership, regardless of race, religion, gender, or economic circumstances.
Cooperatives are democratic organizations controlled by their members who actively participate in setting policies and making decisions. Elected representatives, or directors, are elected from among the membership and are accountable to the membership. Members have equal voting rights (1 member, 1 vote).
Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital remains the common property of the cooperative. Members allocate surpluses for any or all of the following purposes: developing the cooperative; setting up reserves; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.
Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control as well as their unique identity.
Education and training for members, directors, and employees help them effectively contribute to the development of their cooperatives. Communication about the nature and benefits of cooperatives, particularly with the general public and opinion leaders, helps boost cooperative understanding.
By working together through local, regional, national, and international structures, cooperatives improve services, bolster local economies, and deal more effectively with social and community needs.
Cooperatives work for the sustainable development of their communities through policies supported by the membership.