Everyone Welcome

Open 8:00 am to 8:00 pm daily

Community Owned

Since 1973

 

 
 
 

Become an Owner

We welcome new Owners to the Keweenaw Co-op. Ownership is not required to shop, but Owners enjoy added benefits and services. To become an Owner of the Co-op, you invest in a share of Co-op stock, a one-time $200 investment (payment plans are available). This stock does not increase or decrease in value and may be redeemed if you choose to discontinue your Ownership. Your investment in the Co-op provides the capital needed to finance long-term projects such as building improvements and equipment purchases. This equity is our promise to each other and a commitment to our community that we value what the Keweenaw Co-op stands for and what it provides for our quality of life.

What it Means to be an Owner

An Owner is defined as an active patron of the Co-op, who has been accepted to Ownership by the Board of Directors, and has acquired a share of Membership Stock (one share of Co-op Common stock). Two or more persons in the same household may be included on the application, however only one name can appear as the designated shareholder on the Membership and Subscription Agreement.

Payment Options

Payment plans are available for purchasing stock over a one, two, and ten year period. Please select the plan that minimizes the costs to your Co-op, while still being financially feasible for your family. Benefits begin with your first payment.

  • Plan 1: Pay $200 in one installment*

  • Plan 2: Pay $50 every 3 months for a year

  • Plan 3: Pay $25 every 3 months for 2 years

  • Plan 4: Pay $20 a year for 10 years

* Plan 1 minimizes account maintenance costs and maximizes equity per Owner.

Benefits

  • Owners begin receiving benefits upon first payment toward the Membership Stock purchase (as long as payment plan status remains current).

  • As a stockholder you own the Co-op

  • Participate in the Co-op’s governance

  • Earn an Annual Patronage Refund

  • Special Order items

  • Discounts on pre-ordered cases

  • Use of the Co-op Community Room

  • Owner Appreciation Events & Extras

  • Triannual Newsletter / Circumspice

  • Owners Business Directory Listing

Responsibilities

Membership Stock Payment

Owners who are participating in a multiple installment payment plan to purchase their Membership Stock and have payments pending, must be in good standing with their account in order to receive Owner benefits.

Participate in Governance

Owners are entitled to all voting control of the Co-op. Each Owner has one vote on each matter submitted to a vote of the Ownership. Owners are not required to exercise their voting rights but they are encouraged to do so. The Board of Directors, who act on behalf of the Co-op, are elected by, and from, the Ownership. Participating in governance assures the Co-op’s accountability to its Ownership.

Provide Current Ownership Information

It is an Owner’s responsibility to communicate with the Co-op concerning changes to your contact information. This can be done at the store, by email, by phone, or by written notification. Owner capital, including capital stock, patronage refund, and capital credits, will be forfeited if an Owner cannot be located as described in the Co-op’s Articles of Incorporation.

Be an active Patron

Support your Co-op. The Co-op’s Board, Management, and Staff encourage Owner input on any issue that concerns you as a customer and Owner. Call us, write to us, email us, or write a note in the Customer Comments Notebook located at the front checkout.

How to Invest

It’s easy to become a Co-op Owner! Download an application packet or ask for one at the store.

 
 

 

*Lentil Quinoa Stew w/Kale
*Veggie Chili
*Sweet Potato Red Curry

 

1035 Ethel Avenue
Hancock, MI 49930

906.482.2030 tel
906.482.7845 fax

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