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Hawaii Cooperatives - What Are They & How Do They Work?
Hawaii cooperatives, or co-ops, have been in existence for many years serving people and businesses for the betterment of the community. Cooperatives are Hawaii businesses owned by the folks who utilize them. Depending on classification, they either supply certain services or foods to those inside the city. Those who are a part of a cooperative benefit by helping, not only themselves, but others as well.
They provide necessary components to the economy. For example, farming cooperatives are controlled and owned by the user, typically farmers. Farmers are able to join what are known as marketing cooperatives and charge more for the products but less for their marketing, bringing in business. Those buying the products benefit on the fact that they are purchasing fresher, healthier products.
Hawaii Cooperatives - Group Classifications
Hawaii Co-ops has sorted out into groups for instance;
- Marketing Cooperatives
- Purchasing Cooperatives
- Service Cooperatives
- Food Cooperatives
Within these classifications you can find more specialized cooperatives in Hawaii such as;
- child care
- credit union
Each one of these offers inexpensive alternatives to people who are a part of the cooperative. Members have the choice of electing a board of directors. The board of directors manages activities within the cooperative.
Consortium child care cooperatives are also offered within industrial parks. This can help parents in HI place their child within a daycare that is reasonably close to their job in most cases at a cheaper rate than most daycares. Though it may be the businesses who deliver the primary funding to begin this kind of service, it still revolves back to those that own the daycare electing their own board of directors. It's the owner of the business and its members that provide all of the decisions and ultimately choose how it is ran.
A good example of how utility cooperatives can work for their members is Craw-Kan Telephone Cooperative Company. This company delivers telephone service to its members who hold shares within the company and at the end of each and every year each member gets a portion of that profit sharing. This not only encourages others to become members and pay their bill on time regularly, but also benefits both the company and those that they provide service to.
Hawaii electric and telephone cooperatives provide their services to people while hearing members voices. The members can voice their concerns and suggest what they want changed as it is them who determine precisely what goes on within that cooperative.
Membership in Hawaii Cooperatives
Members of a Hawaii cooperative have a large list of responsibilities that they must follow. They have to make sure that every one of the applicable laws are met and followed by its members. They must appoint or removed directors on an appropriate basis. Members must know what their cooperative provides and familiarize them self with services in order to better serve others. You must be able to meet customer satisfaction in order to run efficiently, effectively and profitably.
There are occasions when cooperatives in Hawaii must decide to combine with other businesses in order to expand their services or dissolve on the grounds that there is not enough demand and supply of their services. The decisive role of the members can be difficult and yet it is important that they are well informed and capable of making those decisions.
Cooperatives in Hawaii are an important part of people's everyday lives. Through providing services and goods to their members, they are offering a mutually beneficial option. Without cooperatives, nearly 26 million people in America would be without the electric services that these places provide. Over 100 million Americans would be hard pressed to find affordable goods and services and all the net worth that these cooperatives pull in together would be lost.
It's essential to have these in our lives in order to maintain a balance between affordable and quality in our lives. People are brought together in a cooperative group in order to run a business that will provide quality services to those in need while keeping the ability to make decisions about their company as a whole. That is what makes Hawaii cooperatives so unique among the rest in today's times.