Ownership FAQ

How much does an ownership cost?

Owner shares are $300 each. This amount secures serious “buy-in” by owners, and provides necessary operating capital to the Co-op. It is not a subscription or a recurring fee. This one-time ownership conveys owner benefits to all members of the household and only one ownership share may be purchased per household.

Is there a payment plan for memberships?
Yes. We encourage full payment however if payment in one lump sum is not possible then payment may be made over a period of up to three (3) years. The payment plan consists of a single $25 payment at the time of registration, followed by 11 quarterly payments of $25 for three years. This amounts to twelve $25 payments in total.

Is there any special arrangement for students?
Students are encouraged to use the payment plan.

What constitutes a household?
People living at the same address. They don’t have to be related.

Do single member households pay the same price for a share?
Yes, because when one joins a Co-op as an owner, one is buying a portion of the business.

Can a person own more than one share?
No. However, if a person wants to help the Co-op by providing additional financial assistance, one may make a loan or gift to the Co-op.

Will each member of the household be able to vote when it comes to electing Directors or other Co-op business?
There is one vote per share so only one vote will be allowed for each household.

 If I move or just decide to quit the Co-op do I get my money back?
An owner’s voting share is returned to the Co-op when ownership in the Co-op is terminated. The former owner either receives additional non-voting shares in exchange or receives a refund of their original investment depending on the financial state of the Co-op. The Board of Directors determines the conditions under which either action is taken so that the remaining owners’ interests are protected and the former owner is treated fairly.