Co-operatives are owned by the people they serve. Through the democratic process, they provide a means to have the business serve to better meet the needs of the Members, and NOT to simply increase shareholder wealth through the maximization of profits.
The Co-op Principle of Training, Education and Information compels us as co-operators to develop the skills of people, be these in management, technical or governance capacity.
When well managed and supported, Co-ops generate a net savings (profit) which is available to be returned to the Members in the form of patronage and cash back. In some successful Co-ops, Co-op equity is redeemed in a elder’s pension program. The money generated in the Co-op stays in the community for the betterment of the community. In cases where the Co-op is the only store in the community or has a dominant market position, the Co-op has the ability to set direction on pricing in such a manner that social outcomes can be considered in pricing practices.
-Understanding of Co-op Model
-Stable and competent management
-Access to capital
57 year history of providing a means for ordinary people to work together to meet a common goal.
Through the election process for local Co-op Directors, the incorporation of traditional knowledge can be incorporated into the governance model of the Co-op.
Aklavik Hunters and Trappers Committee
by Aklavik HTC in Aklavik
Aklavik Hunters and Trappers Committee - Community Harvesters Project
by Aklavik Hunters and Trappers Committee in Aklavik
Anniumapkainiq Food Bank Committee
by Anniumapkainiq Food Bank Committee in Gjoa Haven