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North Carolina Cooperatives - What Are They & How Do They Work?
North Carolina cooperatives, or co-ops, have been around for several years serving people and businesses for the betterment of the community. Cooperatives are North Carolina businesses owned by the people who use them. Depending on classification, they either offer certain services or foods to those in the community. 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 have the ability to join what are known as marketing cooperatives and charge more for the products but less for their marketing, attracting business. Those buying the products benefit on the fact that they are purchasing fresher, healthier products.
North Carolina Cooperatives - Group Classifications
North Carolina Co-ops has sorted out into groups such as;
- Marketing Cooperatives
- Purchasing Cooperatives
- Service Cooperatives
- Food Cooperatives
Within these classifications you can find more specialized cooperatives in North Carolina such as;
- child care
- credit union
Every of these offers affordable options to those who are a part of the cooperative. Members have the option of electing a board of directors. The board of directors oversees day to day activities within the cooperative.
Consortium child care cooperatives are also provided within industrial parks. This can help parents in NC place their child within a daycare that is reasonably close to their job and usually at a lower rate than most daycares. Even though it is the businesses who provide 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 is the owner of the business and its members that provide all the decisions and ultimately choose how it's ran.
A good example of how utility cooperatives can work for their members is Craw-Kan Telephone Cooperative Company. This business provides telephone service to its members who hold shares within the company and at the end of 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.
North Carolina electric and telephone cooperatives provide their services to people while hearing members voices. The members have the ability to voice their concerns and suggest what they need changed as it is them who choose just what goes on within that cooperative.
Membership in North Carolina Cooperatives
Members of a North Carolina cooperative have a large list of responsibilities that they have to follow. They must make certain that all of the relevant 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 to be able to run efficiently, effectively and profitably.
There are instances when cooperatives in North Carolina must decide to merge with other businesses in order to expand their services or dissolve on the grounds that there's not enough demand and supply of their services. The definitive role of the members can be difficult and yet it is important that they are well informed and able to make those decisions.
Cooperatives in North Carolina are an important part of people's everyday lives. Through providing goods and services to their members, they're 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 really is crucial 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 maintaining the right to make decisions about their company as a whole. That is what makes North Carolina cooperatives so unique among the rest in the world today.