How do I become an Owner of the Medford Food Co-op?
Ownership in the Co-op is voluntary and open to any individual or household group that desires to use the services of the Co-op and purchases a share.
Purchasing a Share
You can join the Medford Food Co-op by buying a share for $100. Any individual can buy up to 20 shares. Each person, no matter how many shares they own, gets one vote. Owners’ shares have the advantage of being a low-cost way for the Co-op to build capital and maintain growth.
Can’t afford $100? Pay $20 down + $10 a month! - Full Owner Benefits are available to those who make an initial payment of $20 toward a share and who then make minimum monthly payments of $10.
You’ll be reminded at the register when another monthly $10 payment is due. If more than two payments have been missed, owner benefits will be placed on hold until all past due payments are made.
Redemption of Shares - If an owner chooses to terminate ownership, the Co-op’s Board reserves the right to determine whether or not to redeem shares.
Transfer of Shares - An owner may transfer shares to another individual or household that is eligible and interested in ownership.
Owner Rights, Responsibilities and Benefits
- Support a Cooperative Business
- Option to attend Annual Meeting
- Voting rights to elect Board of Directors
- Option to serve on Board of Directors
- Voting on By-Law Amendments
- Receive Owner Coupons