News and Announcements

October is National CO-OP Month

October is recognized by the United States as National CO-OP Month celebrating the cooperative movement’s history and economic impact on communities nationwide. This year’s theme is “Cooperatives Commit”.

The International Cooperative Alliance defines a cooperative (also known as co-operative, co-op, or coop) as “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise”. The most common types of co-ops are groceries, farms, home care services, or financial institutions, but they exist in nearly every industry.

“Polls show that Americans like the idea of doing business with a cooperative, but many people still don’t understand what co-ops are,” said Sarah Crozier, Communication Manager at the National Cooperative Business Association CLUSA International and National CO-OP Month Committee Co-Chair.

International Credit Union Day also falls in the middle of the National CO-OP Month on Thursday, October 19th. Credit unions accept deposits, make loans and provide a wide array of other financial services, but they’re also cooperatives; in that they are member-owned and exist to serve their members.

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