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Co‑operative Principles for housing co‑ops

On September 23, 1995, the International Co‑operative Alliance, the body representing co‑operatives worldwide, adopted new co‑operative principles. They appear in short form below.

1. Open membership

Co‑ops are open without exception to anyone who needs their services and freely accepts the obligations of membership.

2. Democratic control

Co‑ops are controlled by their members, who together set policy, make decisions and elect leaders who report to them. In primary co‑ops each member has one vote.

3. Economic participation

All members contribute fairly to their co‑ops, which they own in common. Co‑ops pay a limited return (if any) on money people have to invest to become members. Surpluses are held for the future and used to improve the co‑op’s services.

4. Independence

All agreements co‑ops sign with outside organizations or governments should leave the members in control of the co‑op.

5. Co‑operative education

Co‑ops offer training to their members, directors and staff. Co‑ops tell the public what they are and what they do.

6. Co‑operation among co‑operatives

Co‑ops work together through local, national and international structures to serve their members.

7. Community

Co‑ops meet members’ needs in ways that build lasting communities within and beyond each co‑op.