Member Equity Campaign: Help the Co-op Grow and Receive $100 to Shop the Co-op
Members don’t just belong to Weavers Way Co-op, they own it. Member's $30 equity contribution a year is their ownership stake in a $34 million-a-year business.
The third International Cooperative Principle is Economic Participation: Member-owners contribute equitably to, and democratically control, the capital of the cooperative. The economic benefits of a co-op are returned to the members, reinvested in the co-op, or used to provide member services.
As the Co-op undertakes an expansion to Germantown, we want to be sure it is in tip-top shape financially. Equity is the Co-op's answer to private equity -- more Member Equity means greater financial strength.
To help build this equity, we have a great incentive for members! Members who add $400 to their equity accounts will receive a $100 EasyPay credit. Every member is eligible. Whether you have $30 in equity or $400 (or more), investing another $400 gets you an extra $100 to spend in any of our stores (including the Farm Market, and including the future Germantown store).
How does equity help the Co-op?
Having more member equity in the bank shows that we have an active, engaged membership, committed to the success of the Co-op. And, of course, having more cash on hand improves our balance sheet.
Weavers Way is unusual in that our equity structure allows members to pay in $30 increments over 13 years. The Co-op set it up this way to keep Weavers Way affordable. About a third of our membership has invested the full $400.
How does equity work? What if I stop being a Co-op member?
Member Equity is fully refundable should you leave the Co-op. It is your ownership stake in the Co-op, not a fee. In other words, if you no longer wish to be one of our owners, you can have your equity returned to you.
For the Together We Grow equity campaign, you leave your additional $400 in for five years; if you want to get your equity back before then, we will deduct the $100 incentive.
Visit the Member Center to add to your membership equity.