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Co-operatives: Beacons of Hope

March 2015

Lauded for weathering the 2008 financial crisis, but still snubbed in the business ecosystem, the co-operative sector now has reason to be back under the limelight.

The largest 300 co-operatives worldwide have a turnover of $2.2 trillion, according to the 2014 World Co-operative Monitor released [in October] at the International Summit of Co-operatives in Quebec City, Canada.

If the top 300 co-operatives formed a country, the report suggested, their combined turnover would be roughly equivalent to the national income (or gross domestic product) of Brazil, the seventh largest economy in the world.

“Our movement is a global economic player with an important stake in the world’s economy,” said Dame Pauline Green, president of the International Co-operative Alliance, which produced the report.

Source: Financial Times Advisor, October 23, 2014; Read the full article by Philippe de Montigny


The Success of the Cooperative Model in Football (Soccer)

Source: International Summit of Cooperatives

The Spanish football club Real Madrid is structured as a member-owned cooperative society. The members have owned and operated the club since its inception, more than 100 years ago. Spanish cooperative clubs like Barcelona and Real Madrid cannot be listed on the stock market and can only raise financing from fans.

The club can also afford to spend spectacular amounts on transfers, because its annual revenues have made it the biggest club in the world. According to Deloitte, Real Madrid’s revenues reached £440m (nearly $737 million) in the 2011/2012 season.

Currently on his fourth term, club President Florentino Pérez has throughout years led a campaign of acquiring the best football players in the world, including Luis Figo, Zinedine Zidane, David Beckham, Ricardo Kaka and Cristiano Ronaldo. While Pérez’s policy focused on exploiting the club’s marketing potential has attracted some criticism, the club’s ownership structure has been praised by a number of senior football figures, including UEFA President Michel Platini. The French football legend said he “loved” the management structure of Real Madrid and Barcelona because the members remained responsible for the club and their decisions.

Read the full article in Co-Operative News »


June 2014

Officers Elected at CCSSM Annual Meeting

The 2014 Annual Business Meeting of the Volunteer Board of Directors of the Consumers Cooperative Society of Santa Monica was held on Saturday, January 25. Belva Roberts and Mary Yasui-Yamabe were elected to fill two vacant director positions.

June 2014

The Co-Op that Changed the South
by David Thompson

It was a small cooperative store on a little known island off the coast of South Carolina. During the harshest days of the civil rights struggle, embattled black leaders came through its doors seeking inspiration.

Among the legendary leaders who visited the co-op were: Ralph Abernathy, Dorothy Cotton, Conrad Brown, Fannie Lou Hamer, Martin Luther King Jr…

Read more »

This article was published in the Cooperative Business Journal, February 14, 2014


November 2013


University of Cincinnati Profiles Alumna known as the 'Mother of Credit Unions'

UC Magazine article by Deborah Rieselman

In August 1934, a particular train ride from Chicago to Estes Park, Colo., was a trip of a lifetime. Among the passengers were all the East Coast delegates to a conference that would soon kick-start the national development of credit unions by founding a related trade association.

Read more »

 


November 2013

NCBA

NCBA to Congress: ‘Support Credit Union Tax Exemption’

“NCBA CLUSA represents over 29,000 cooperatives with 120 million consumer-owners across the country… The credit union tax exemption stands as a benefit to all American consumers, not just the 96 million members across the nation. This wise, common sense tax policy enables credit unions to retain their member-focus, in contrast to the for-profit orientation of the commercial banking system. Credit unions earn their tax exemption every day, and we strongly endorse continuing its role in strengthening our financial marketplace.”

Read more »


April 2013

The UN invites citizens and cooperatives to participate in MY World 2015, the global survey for a better world

The United Nations Department of Economic
and Social Affairs (DESA) has introduced two initiatives aimed at citizens and cooperatives:
the MY World 2015 campaign and the
2015: The World We Want
interactive platform.

Take the global survey for a better world

Read more >>

February 2013

NCBA

NCBA Supports Credit Union Legislation

On Feb. 22, 2013, National Cooperative Business Association (NCBA) President and CEO Mike Beall sent letters to Capitol Hill to leaders in the House of Representatives in support of three bills that affect credit unions and their ability to serve their members.

NCBA is the oldest and largest national membership association dedicated to ensuring that cooperative businesses, such as credit unions, have the same opportunities as other businesses operating the United States and that consumers have access to cooperatives in the marketplace.

NCBA’s support of the legislation complements the advocacy efforts of the Credit Union National Association and the National Association of Federal Credit Unions.

Read more »

 


November 2012

Co-ops Featured on NBC Nightly News

NCBA eCooperator, November 2012

Co-ops recently took center stage on an NBC Nightly News segment as a television reporter showcased the Tacoma Park Silver Spring Co-op in Maryland and the member-owners who shop there. During this video, NCBA interim president and CEO Liz Bailey explains that a tough economy can actually be good for co-ops, as "people look for ways they can get value, where they can leverage group buying power to their advantage."

Several recent studies also get a mention during the news report, including a recent National Cooperative Grocers Association study that found that cooperatives create more jobs and pay higher wages than conventional grocery stores. The reporter also mentions a survey conducted by NCBA and the Consumer Federation of America, which found that a third of all Americans belong to a consumer-owned co-op, such as a grocery, credit union or retail store such as REI.

Watch the segment »



 
 
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