Durham Cooperatives - What Are They & How Do They Work?
Durham cooperatives, or co-ops, have been in existence for many years serving people and businesses for the betterment of the community. Cooperatives are Durham businesses owned by the people who use them. Depending on classification, they either supply 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 instance, 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, bringing in business. Those buying the products benefit on the fact that they are purchasing fresher, healthier products.
Durham Cooperatives - Group Classifications
Durham 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 Durham, OR such as;
- child care
- credit union
Each one of these offers inexpensive alternatives to people who are a member of the cooperative. Members have the option of electing a board of directors. The board of directors manages daily activities within the cooperative.
Consortium child care cooperatives are also provided within industrial parks. This can help parents in Durham place their child within a daycare that is moderately close to their job in most cases at a lower rate than most daycares. Though it may be the businesses who deliver the primary funding to begin this type 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 supply all the decisions and ultimately decide 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 each and every year each member receives 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.
Durham electric and telephone cooperatives provide their services to individuals while hearing members voices. The members are able to voice their concerns and suggest what they need changed as it is them who determine what it is that goes on within that cooperative.
Membership in Durham Cooperatives
Members of a Durham cooperative have a large list of responsibilities that they must follow. They have to make certain 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 delivers and acquaint 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 instances when cooperatives in Durham must choose 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 knowledgeable and able to make those decisions.
Cooperatives in Durham, OR are an important part of people's everyday lives. Through providing goods and services 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 really is important to have these in our lives in order to keep things in 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 authority to make decisions about their company as a whole. That is what makes Durham cooperatives so unique among the rest in the world today.