Cooperative Association

A cooperative association, or cooperative, is a member-owned organization where individuals come together to meet common economic, social, or cultural needs. Members pool resources and share in decision-making, profits, and benefits based on their participation. Examples include grocery cooperatives, credit unions, or agricultural co-ops. The primary goal is to serve members rather than maximize profits for outside investors, fostering a sense of shared ownership and collective benefit. This structure promotes democratic control, transparency, and sustainability, ensuring that the organization aligns with members’ interests rather than external shareholders.