Cooperatives worldwide generally operate using the same principles as adopted in 1995 by the International Cooperative Alliance. The 7 principles are part of a cooperative statement of identity which also includes the definition of a cooperative and a list of cooperative values.

Definition

A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.

Values

Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility and caring for others.

Voluntary and Open Membership

Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership.

Democratic Member Control

Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions.

Members' Economic Participation

Members contribute equitably to, and democratically control, the capital of their cooperative.
* See Understanding Capital Credits.

Autonomy and Independence

Cooperatives are autonomous, self-help organizations controlled by their members.

Education, Training, and Information

Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperatives.

Cooperation Among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together.

Concern for Community

While focusing on member needs, cooperatives work for the sustainable development of their communities.