What is a co-operative?
A co-operative is an organization owned by the member who use its services or who are employed there. Its members agree to take on the responsibilities of owning and operating it. People create a co-op to serve the common need rather than the individual need. A co-op is about people and they ensure that members, not money control their co-op.
Values and Principles
Our values define us as a co-operative and have a direct impact on how we conduct our day-to-day business. Our principles define how we put our values into action.
Our co-operative is guided by the following values:
In the tradition of their founders, we believe in the following ethical values:
- social responsibility
- caring for others
Voluntary and Open Membership
All are welcome
Democratic Member Control
All have an equal say
Member Economic Participation
Members own the co-operative
Autonomy and Independence
Members control the co-operative
Education, Training and Information
Share information and knowledge
Co-operation Among Co-operatives
Co-operatives work together
Concern for the Community
To provide members, stakeholders and communities retail food, building supplies, hardware and other services, using co-operative values and principles to guide our board and staff to meet member needs.
A sustainable, vibrant economy guided by co-operative values and principles.
The Cheticamp Co-op – A Proud History
The original Co-op building and property was bought for four hundred dollars by our founding members.
Today, Chéticamp Co-op is owned by 2628 members and has assets of 7.5 million dollars. It took a huge commitment from members and staff to grow our business to where it is today. The Co-operative now employs 26 full-time and 28 part-time employees. Over the past 10 years, our Co-operative was able to give back to local and regional members over 5.5 million dollars in patronage dividends.
Every year our Co-operative is an active participant in fundraising activities. The Cancer Society as well as the IWK Children’s Hospital are recent beneficiaries. Our Co-op is also used as a host for community organization ticket drives and the weekly 50/50 draw for the local hospital foundation. We are glad to be a vital part of our community volunteer efforts.