Membership Eligibility (Requirements for joining co-op)
The Consumer Co-operative Law, which was established in 1948, prohibits co-ops in the following areas:
- Limit the operation of co-ops within prefectures.
- Prohibits the merger of Co-operatives across prefecture borders.
- Prohibits non-member utilization.
Therefore, one can join co-op in the prefecture that he/she resides.
Another requirement is that one needs to contribute to the share capital (investment). Initial investment varies a little from co-op to co-op in the nation.
How to join
What happens to your share capital when you decide to leave co-op?
If you withdraw from co-op, your total amount of investments is returned.
There are two withdrawals: statutory withdrawal and optional withdrawal.
- Statutory withdrawal is the withdrawal because of leaving the Prefecture or death
- Optional withdrawal except for statutory withdrawal
Benefit of membership!
- You can receive dividends according to your investments.
- You can receive your patronage refund according to the sum total of your purchase.
- You can join exchanges and activities among members.
- You can use various services offered by co-op.