Introduction to cooperatives

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National Credit Union Administration (NCUA)

An independent federal agency that serves to supervise and regulate federal credit unions. It also provides account insurance for many state-chartered credit unions through the National Credit Union Share Insurance Fund.

Most important way cooperatives communicate

Annual meetings and newsletters

How long does it take to start a cooperative

a year or two

articles of incorporation

are a contract between board & members

a user of a cooperative would often be a

customer

Globally, what industries most frequently dominated by a co-op in

dairy and milk

What principle did the Canadian wheat board not follow

democratic control

The existence of an efficient market depends on

information

Whose responsibility is it to resolve conflict when an employee disagrees with a co-op goals

manager

Merging with a cooperatives is decide by

members

Ownership of a co-op is in the hand of

members

Recalling directors is the responsibility of

members

The Associated press is governed on the rule

one newspaper, one vote

What is a centralize cooperative?

owned by just members

One problem with cooperatives sharing risk is

poor risk farmers are often most likely to join

A co-op is a form of

private business

Worker-owned cooperatives tend to be

short lived and response to difficult economic condition

Managers of a coop and the board are both responsible

strategic planning

Why do co-ops have an advantage over IOF

the ability of information

Patronage at a cooperative is

the amount of business they have done at the cooperative

How many people are typical on a co-op board

6-15

Ineffective management may represent in all business

88%

What is a federated cooperative?

A co-op owned by other co-ops

To be a member of the Minnesota Corn Processors you must invest as much as

a small pick up truck

Who started the first cooperative in the US? and what was it?

-Ben Franklin -Fire Insurance

Steps in order to start a cooperative

-Develop a business plan -Draw up papers and incorporate -Elect Board -Conduct Membership Drive -Hire a manager

The Clayton Act was passed in

1914

The Clapper Volstad act was passed in

1922

Competitive markets have plenty of

Buyers and Sellers

A coop that is over 100 years old

CHS

A quick decision to close a local coop branch would be more likely to be under a

Centralized cooperative

C-SPAN is a what?

Cooperative

Alphonse Desjardins

Created credit Unions

The largest coops sector in the US in terms of membership is

Credit Union

Senator Volstad was raised in

Granite Falls

IOF vs Co-op- Are you more likely to do what?

Emphases service to customers

Cooperatives are most common in

Europe & North America

In what area of agriculture, do coops still have little market share

Farm Equipment

Robert Owens

Father of Co-ops

Oldest Consumer Cooperative

Fire insurance company

The first credit unions in the US was created by

French Mill workers

Which of these would not be stakeholder in a co-op

Government Agency

What is not an advantage of a housing cooperative?

Having them in college

Each year in total cooperatives do business on the order of a _________________ couple of

Hundreds of Billions of dollars

When did retail grocery stores start popping gup across the US

In the 60's in response to supermarket

A well known cooperative is

Land O' Lakes

By law, the board is responsibly for ...

Management

Prices are set by the

Manager

Co-ops are especially important to what agriculture industry

Marketing and Supply coops

Which principles is most widely accepted among coops

Net income is distributed to patrons

Why do cooperatives not worked in planned economies

Ownership was not in the hand of the members

Guide lines from specific to broadest

Practices, policy, principles

Senator Volstad was most known for

Prohibition

The largest Retail Co-op

REI

Cable TV coops have been primary been success in what area?

Rural areas serviced by electric coops

How long have retail co-ops been around in the US?

Since the Civil War

Allocation of cash patronage refunds is decided by

The Board of Directors

The largest US housing cooperative is in

The Bronx

The rochdale cooperative was form because

They believed shopkeepers were dishonest

What was the purpose of the Clayton Act?

To exempt coops from the antitrust laws

Does the grange still exist?

Yes

Members are only responsible for

themselves

The number of dairy coops have declined over the second half of the 20th century from

thousands to hundreds

The National Cooperative Bank was created by the government for what purpose

to make loans and manage coops

T/F- Benefits are provided by use rather then ownership

true

Market power for a cooperative means

undulling influencing prices

A particular difficult period for coops

was in 1980's dues to their own debt and accounts receivable


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