The co-operative principles are guidelines by which co-operatives put their values into practice.
1st Principle: Voluntary and Open Membership
Co-operatives are voluntary organisations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.
2nd Principle: Democratic Member Control
Co-operatives are democratic organisations controlled by their members, who actively participate in setting their policies and making decisions. Men and women serving as elected representatives are accountable to the membership. In primary co-operatives, members have equal voting rights (one member, one vote) and co-operatives at other levels are also organised in a democratic manner.
3rd Principle: Members' Economic Participation
Members contribute equitably to, and democratically control, the capital of their co-operative. At least part of that capital is usually the common property of the co-operative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing their co-operative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the co-operative; and supporting other activities approved by the membership.
4th Principle: Autonomy and Independence
Co-operatives are autonomous, self-help organisations controlled by their members. If they enter to agreements with other organisations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy.
5th Principle: Education, Training and Information
Co-operatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their co-operatives. They inform the general public - particularly young people and opinion leaders - about the nature and benefits of co-operation.
6th Principle: Co-operation among Co-operatives
Co-operatives serve their members most effectively and strengthen the co-operative movement by working together through local, national, regional and international structures.
7th Principle: Concern for Community
Co-operatives work for the sustainable development of their communities through policies approved by their members.
Back to Who We Are
75%
Current Amount: 1125
Target: 1500
Durham Central Market
P.O. Box 25216
Durham, NC 27702-5216
info@durhamcentralmarket.org
Follow us on Facebook or on Twitter @DurhamCentMkt.
The Owner Investment Campaign is ongoing, offering our owners the opportunity to invest in the co-op. Details on your options for investing are available here.
Email your intention to pledge to invest@durhamcentralmarket.org
We'll walk you through the rest. Together we can build something wonderful!
You can now become a Durham Central Market Owner via the website. We offer individual shares and business shares. Become an owner today by filling out the online owner share form and pay using a secure Paypal connection, and thanks!!
If you would prefer, you can also fill out and print the individual owner share form (pdf) or business share form (pdf) and mail it in. Follow the instructions on the form.