What is the meaning of cooperative federation?

From Wikipedia, the free encyclopedia. A co-operative federation or secondary co-operative is a co-operative in which all members are, in turn, co-operatives. Historically, co-operative federations have predominantly come in the form of co-operative wholesale societies and co-operative unions.

What are the function of a federation of cooperatives?

The cooperatives are formed to secure low cost credit, to purchase supplies and equipment for farming and household needs, to market products, even to secure many services, like electric power, irrigation, health, and insurance. Cooperatives can be used in many ways to benefit people in the everyday needs of life.

What are the two types of cooperatives?

Here we define cooperatives by type of membership, or more simply, who owns the cooperative.

• Consumer Cooperatives.
• Worker Cooperatives.
• Producer Cooperatives.
• Purchasing or Shared Services Cooperatives.
• Multi-stakeholder Cooperatives.

Are unions co ops?

Building union co-ops “A union co-op is a unionized worker-owned cooperative in which worker-owners all own an equal share of the business and have an equal vote in overseeing the business,” the report states.

How does cooperative Work in Philippines?

Cooperatives are democratic organizations. Their affairs are administered by persons elected or appointed in a manner agreed upon by the members. Members of primary cooperatives have equal voting rights on a one-member-one-vote principle.

When was cooperative federation established?

June 20, 1993
The National Cooperative Federation of Nepal Limited [NCFN], established on June 20, 1993 under the Cooperative Act 1992, is an apex body of the cooperative movement of all types and levels of cooperatives organized on the basis of universally accepted cooperative values and principles.

What is the best cooperative in the Philippines?

ACDI Multipurpose Cooperative
ACDI Multipurpose Cooperative won the highly-coveted Gawad Parangal for Most Outstanding Cooperative (Large Category) in the Philippines given annually by the Cooperative Development Authority (CDA).

Who can be members of a cooperative?

Who can be members of a cooperative? A cooperative has two kinds of members: regular members and associate members. A regular member is one who has complied with all the membership requirements and entitled to all the rights and privileges of membership as stated in the Cooperative Code and the cooperative by laws.

Are worker cooperatives more productive?

Productivity. According to Virginie Pérotin’s research which looked at two decades worth of international data, worker cooperatives are more productive than conventional businesses. It also found that worker cooperatives do not become less productive as they get larger.