the co-op to co-op connection 9:00 a.m. – 10:00 a.m. schaumburg east ballroom speaker: mike beall
TRANSCRIPT
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The Co-Op to Co-Op Connection
9:00 a.m. – 10:00 a.m.Schaumburg East Ballroom
Speaker: Mike Beall
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Special thank you
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Rod KelsayExecutive Director
Mid America Cooperative Council
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Mid America Cooperative Council
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Mid America Cooperative Council
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Opportunities for Credit Unions to Connect
• Connect with Co-op Roots with seven coop principles: DISPLAYED.
• All Cooperatives started with a common need, solved mutually.
• Co-op community can focus on identifying current needs.
• Engage Employees in Co-op Education
• Suggest Advisory Councils by location:• Engage Members & Local Leaders to surface common needs.• Embrace cooperative education & seek cooperative solutions• Clarify your ‘Credit Union’s Vision’ with Advisory Council.
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Creating your Co-op PassionFrom Advisory Meeting identify a community project
Example: • Financial literacy in local schools, for neighbor co-op
employees, churches• Invite local youth leaders to your board meeting• Explain duties of Volunteer/Board of Directors • Essay contest on how to best use $ xxx,0 in your
community
Rod’s examples of other community needs: • Cooperatively owned retirement community • Visiting nurses cooperative where nurses keep $$ for services • Host Ethnic Foods Festival with contests and demonstrations• Adopt a community, military company, or other cooperative
A cooperative is only a tool that can be used to serve your community needs
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Sharon HoyerGeneral Manager
Dill Pickle Food Co-op
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A Community-Owned Grocery StoreValues, End Goals and Principles-Driven
• Ownership: $250 equity vestment.– Benefits: voting for board of directors, participating
as a Hands-On Owner, receiving owner deals and patronage.
– Over 1,500 total owners, about 50% of our customer base.
– 9 member Board of Directors– About 40 active HOOs work in outreach,
communications, education, design and operations work.
• The Store: 1,300 sq ft, $2M/year in sales. Planning expansion/relocation in our neighborhood. Aiming for 6,000 – 10,000 sq ft, est. year 1 sales: $5M.
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The Co-op The Store
Education
EventsAdvocacy
Partnerships
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• But also:– CFCC: 6 new food co-ops
organizing in Chicagoland. New business accounts, new borrowers backed by owner equity and community support.
– Membership of thousands of socially-conscious consumers, looking to put their money to work locally.
Opportunities for P6: cooperation amongst cooperatives
• Now:– 5 Point worker Co-op:
Community Spotlight– Chicagoland Food Co-op
Coalition: widespread co-op education, resource sharing, support.
– P6 Cooperative Trade Movement: co-op food producer and grocers to increase market access and promote local, indie, co-op.
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Vision for a Cooperative Economy
Worker & distribution co-
ops
Co-op development
funding
Consumer/Retail Co-ops
Community members w/ living
wage jobs
Utility co-ops
Strong cooperative policy
Farmer and producer co-ops
Housing Co-ops
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Mark FickDirector of Lending Operations Chicago Community Loan Fund
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o Formed in 2011 to promote workplace democracy through the development of worker-owned enterprises such as worker cooperatives.
o Provided public education about cooperative models for sustainable equitable economic development
o Assisted with development of new cooperative businesses o New Era Windows, Grassroots Ecology, 5 Point
Holistic Health, Café Chicago, MECH Creations
o Spring 2015 restructuring as a cross-sector cooperative business network for Chicago area.
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Opportunities for Cross Sector Collaboration
o Peer education and support for staff, board/leadership & members
o Public policy advocacyo Development assistance for new enterprises
and expansiono Public education & Policyo Facilitate Business to Business transactions
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Reminders:Complete Session Evaluation
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