Are there different kinds of cooperatives?
Are worker cooperatives a new form of cooperative?
Is there a relationship between worker cooperatives and the Union movement?
How do worker cooperatives get started?
How do worker cooperatives get their financing?
If the cooperative fails financially, are the workers personally responsible for it's debts?
Yes! There are three broad categories of cooperatives - worker cooperatives, consumer cooperatives and marketing cooperatives.
A. Worker Cooperatives are cooperatives in which the members have joined together to produce goods and/or services for sale. The workers, being the only members of the cooperative, elect the Board of Directors and share whatever profits are earned by the business.
B. Consumer Cooperatives are cooperatives whose members have joined together in order to purchase goods and/or services. The most familiar consumer cooperatives are those established to provide food and housing. Credit unions are specialized cooperatives, designed for the banking industry.
C. Marketing Cooperatives are cooperatives whose members are privately owned businesses or individual business people who join together to sell their products or services collectively. These cooperatives range in size from a storefront craft cooperative to the large agricultural marketing cooperatives like Snowcrop and Oceanspray.