What does it mean to be an owner?
A co-op owner participates in the decision making.
They can take part in the election of a Board of Directors at the co-op’s annual meeting, and vote on any amendments to the bylaws proposed by the Board. So, in addition to getting the products and services you need, you also have a voice in how Abundance Food Co-Op is run as a business.
No annual fees.
The money you pay ($100) is the price for a share, not a membership fee. You pay it once and that’s it. It is not an annual fee. Co-op owners, by purchasing a share and through shopping with us, invest capital that is used to operate the store on a daily basis.
Not like other grocery stores.
When you become a new shareholder of Abundance, you don’t “join” the co-op, you become an owner. At our co-op, there’s no approval process or interview–anyone can become a shareholder, an owner, of our grocery store (literally). That’s pretty amazing when you think about it.
- Help build a stronger local economy and community
- Choose one day a month to get 10% off of your purchase on most regularly priced items*
- Get discounts on special orders
- Take advantage of owner-only deals
- Share in the profits: receive possible dividend payouts relative to how much you spend
- Vote for candidates to join the Board of Directors at annual meetings
- Vote on bylaw amendments and other items as proposed by the Board of Directors
- Run to be elected to the Board of Directors
*Discount does not apply to items already on sale or at a reduced price. Some low margin items, like eggs, milk and beer are also not included.