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Become an Owner
We welcome new Owners to the Keweenaw Co-op.
Ownership is not required to shop, but Owners
enjoy added benefits and services. To become an
Owner of the Co-op, you make your Initial Owner
Investment, a one-time $200 investment (payment
plans are available). This investment does not
increase or decrease in value and may be
redeemed if you choose to discontinue your
Ownership. Your investment in the Co-op provides
the capital needed to finance long-term projects
such as building improvements and equipment
purchases. This equity is our promise to each
other and a commitment to our community that we
value what the Keweenaw Co-op stands for and
what it provides for our quality of life.
Payment Options
Payment plans are available for your Initial
Owner Investment over a one, two, and ten year
period. Please select the plan that minimizes
the costs to your Co-op, while still being
financially feasible for your family. Benefits
begin with your first payment.
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Plan 1 Pay $200 in one installment*
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Plan 2 Pay $50 every 3 months for a year
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Plan 3 Pay $25 every 3 months for 2 years
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Plan 4 Pay $20 a year for 10 years
* Plan 1 minimizes account maintenance costs and
maximizes equity per Owner.
Benefits
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Owners begin receiving benefits upon first
payment toward the Initial Owner Investment
(as long as payment plan status remains
current).
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Membership means ownership
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Participate in the Co-op’s governance
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Earn an Annual Patronage Refund
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Special Order items
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Discounts on pre-ordered cases
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Use of the Co-op Community Room
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Owner Appreciation Events & Extras
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Bi-monthly Newsletter / Circumspice
Responsibilities
Policy of Uniform Conditions of Membership
Initial Owner Investment
Owners who are participating in a multiple
installment payment plan to purchase their
Membership Stock and have payments pending, must
be in good standing with their account in order
to receive Owner benefits.
Participate in Governance
Owners are entitled to all voting control of the
Co-op. Each Owner has one vote on each matter
submitted to a vote of the Ownership. Owners are
not required to exercise their voting rights but
they are encouraged to do so. The Board of
Directors, who act on behalf of the Co-op, are
elected by, and from, the Ownership.
Participating in governance assures the Co-op’s
accountability to its Ownership.
Provide Current Ownership Information
It is an Owner’s responsibility to communicate
with the Co-op concerning changes to your
contact information. This can be done at the
store, by email, by phone, or by written
notification. Owner capital, including capital
stock, patronage refund, and capital credits,
will be forfeited if an Owner cannot be located
as described in the Co-op’s Articles of
Incorporation.
Be an Active Patron
Support
your Co-op. The Co-op’s Board, Management, and
Staff encourage Owner input on any issue that
concerns you as a customer and Owner. Call us,
write to us, email us, or write a note on the
Customer Comments Cards located at the front
checkout.
How to Invest
It’s easy to
become a Co-op Owner! Just ask one of our staff
at the store.
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