Consumers Cooperative Society of Santa Monica
 
 
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Vision & Financial Philosophy

CCSSM By-Laws

Vision

  • Promote the development and growth of the cooperative form and principles of commerce to the general public throughout the United States.
  • Promote education and awareness for cooperative thrift and credit management to members throughout the United States.
  • Assist members with obtaining the value and benefit of group purchasing through cooperative forms of business.
  • Participate as a corporate citizen in supporting community needs and interests.

Values
As a cooperative, the Consumers Cooperative Society of Santa Monica (CCSSM) is based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity.  In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility and caring for others.

Organization
CCSSM holds regular meetings and elects a Board of Directors from among the membership. The directors in turn hire management to oversee the Co-Op's day-to-day affairs in a way that serves the members' interests.

The Santa Monica Co-Op was organized in 1936 as a cooperative under the Rochdale Principles:

  • Open membership
  • Democratic control – One vote per member
  • Limited return on share capital
  • Net surplus savings returned to members
  • Political and religious neutrality
  • Focus and strategic positioning

Promoting the Cooperative Form of Business

  • Member of the National Cooperative Business Association

Consumer/Cooperative Education

  • Information on cooperatives for the general public on our Web site
  • Financial tools and resources on our Web site
  • Annual Scholarship Program to support higher education for deserving students

Corporate Citizenship

  • Encourage volunteerism and support of non-profit organizations on Web site
  • Contribute to various community programs that support good corporate citizenship

Financial Philosophy
The strength and viability of the Co-Op is vested in our ability to obtain and retain a strong equity base. This equity is obtained through an annual membership renewal fee of $10.00, which is safely invested in financial institutions supporting the cooperative form of business. The earnings from equity are used to support our mission of expanding the cooperative form of business, supporting cooperative financial services, supporting general cooperative education and participating in cooperative group purchasing arrangements.
Patronage and participation is rewarded by providing access to cooperative forms of business and returning value to the community through the fulfillment of our mission.

Our financial approach is to:

  • Preserve equity
  • Invest our equity safely
  • Accumulate sufficient equity to spend earnings on equity of approximately $500,000 annually after which a portion of the life-time membership fee will also be used annually
  • Minimize administrative expenses

 

 
 
Contact us at info@ccssm.org for information on how your company can become a Community provider.
 
 

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