Co-op Ownership
Willy Street Co-op is different than other grocery stores. A co-op, or cooperative, is a company that is owned by customers who invest in the business. We are guided by the Seven Cooperative Principles. Everyone can shop at the Co-op, but Owners receive extra benefits.
To be an Owner you pay a Fair Share. Your Fair Share is an investment that supports the Co-op. You pay one Fair Share fee to become an Owner. You can be an Owner as long as you like. If you choose to end your Ownership, you can receive a refund for the money you paid for your Fair Share or you may give it to the Co-op to donate to charitable causes.
You can begin shopping as an Owner after your first payment, and you can pick up your Owner card at the Customer Service desk. Please be prepared to show your card or tell the cashier your Owner Number every time you shop.
Become an Owner!
-
Decide if you will be an Individual Owner or Household Owner.
-
Becoming an Owner of our Cooperative requires you to make an equity payment. If you choose to open an Individual Ownership you will need to invest $56 of equity into your account. You can pay the $56 all at once or you can choose to make yearly payments of $8 until you reach $56 of invested equity. If you choose to open a Household Ownership you will need to invest $91 of equity into your account. You can pay the $91 all at once or you can choose to make yearly payments of $13 until you reach $91 of invested equity. NOTE: Each equity payment incurs a $2 non-refundable administrative fee.
-
Complete the Fair Share Contract.
-
Submit your
1) Fair Share Contract and
2) your Fair Share payment to the Customer Service desk or online.
-
You can begin shopping as an Owner after your first payment.
