Business people in a tug of war.

I’ve studied the 7 Cooperative Principles. I’ve sat through presentations about them. I’ve heard them referenced by credit union CEOs, credit union consultants, employees and lobbyists over the years. Principle #1 and #7, the bookends if you will, appear to have been tossed out the window. Or maybe they were never really something that was true in the first place? Or maybe they were just shelved for awhile until they’re needed for reference material later on down the road?

As a reminder: Principle #1: Voluntary and Open Membership. It states, “Cooperatives are voluntary organizations, open to all people able to use its services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.”

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Michael Ogden

Editor-in-Chief for CU Times.

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