Cooperatives

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Definitions and Scope

Target Community Asset: Cooperatives

"Cooperatives, owned by members, are not driven to make big profits for shareholders but to create the best value for its members and customers. Ownership is shared and decisions are made democratically" Dolly Goh, CEO of SNCF (ST 20 Jul 2015)

Types of Cooperatives

Consumer Cooperatives

Producer Cooperatives

Worker Cooperatives

Sanjay Perera, editor of Philosophers For Change, an online journal on alternative socioeconomic paradigms wrote an op-ed on Workers' Self-Directed Enterprises (ST 14 Feb 2015)

Number of Cooperatives

Benefits of Cooperatives

"Football club FC Barcelona...is another example of how a cooperative - owned and run by 175,000 members who are mainly fans - has produced super results. The club...scores points by giving priority to youth development and fan welfare above financial gains. This is best exemplified by its cheap tickets. The average cost of an adult season ticket is just £75 (S$160), and the club pays a charity, Unicef, €1.5 million (S$2.2 million) a year to sponsor its own shirts. By comparison, top English clubs, such as Manchester United, receive £20 million a year in shirt sponsorship, while Arsenal charges at least £900 for a season ticket" Dolly Goh, CEO of SNCF (ST 20 Jul 2015)

"Credit cooperatives - which have gone through several financial crises unscathed as compared with larger financial institutions - offer the lowest unsecured loan interest rates of about 6 per cent to 8 per cent a year" Dolly Goh, CEO of SNCF (ST 20 Jul 2015)

Desired impact for target group

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Need for [ insert description ]

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Need for [ insert description ]

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Resource Directory

National Association

Singapore National Co-operative Federation

http://www.sncf.coop/

Consumer Cooperatives

NTUC Cooperatives

NTUC Fairprice - groceries

NTUC Income - insurance

NTUC First Campus - preschools

NUS Coop

https://nuscoop.nus.edu.sg/

Set up in 1969 by Student Liaison Officer because of the escalating prices of books and capital raised though selling membership shares to staff and students.

Credit Cooperatives

Singapore Government Staff Credit Cooperative