October is National Cooperative Month
Show your support by sharing why you love your cooperative on social media with #MyIowaCooperative
What is a Cooperative?
Cooperatives are owned and democratically controlled by their members. Members elect the board of directors. This elected board of directors oversees the business and sets policy.
EMPLOYS 12,000+ IOWANS
If all cooperative employees were grouped together, they would be one of the top 10 largest employers in the state; employing more than 12,000 Iowans!
FOR THE BENFIT OF MEMBERS
Cooperatives operate for the benefit of their members, rather than earning profits for investors.
Along with community-focused missions, cooperatives generate more than
$60 million in property taxes, which is paid to Iowa communities.
Iowans receive unique benefits when doing business with a cooperative vs a non-cooperative business model. Distinct qualities of the cooperative advantage include:
Members can work together to meet challenges and solve problems
Democratic control through member-ownership
Reduced cost of expenses for members
Access to products or services that might otherwise be unavailable to the cooperative members
Provides new and existing market opportunities for cooperatives and members
Maximized member earnings