A co-op, or cooperative, is a business or organization that is owned and managed by the people who use its services and who work together for mutual benefits. Medford Food Co-op is a local grocery store owned by people in the community (like you!) who care about healthy, organic food. Become an owner today!
- monthly owner-only paperless coupons
- an invitation to the Annual Meeting
- to vote for the Board of Directors
- to vote on bylaw amendments
- the ability to run for a seat on the Board of Directors
- patronage dividends in profitable years as determined by the Board of Directors
- valuable discounts from our local Community Partners
- financial support for the growth and prosperity of local economy
- to the local community via donation programs and volunteer opportunities
- support for sustainable agriculture and the sustainability of the Rogue Valley
- support for the growth of the co-op and its efforts
Ownership in the co-op is voluntary and open to any individual or household group. Everyone is welcome to shop at the co-op, and ownership is optional.
Purchasing a Share
You can join the Medford Food Co-op by purchasing a share of the business. The cost of an owner share is $100.00 and payment plans are available for those that want to budget: pay $20.00 down + $10.00 a month and receive full owner benefits. Any individual can buy up to 20 shares. Each person, no matter how many shares they own, gets one vote. Owner shares have the advantage of being a low-cost way for the co-op to build capital and maintain growth.
The purchase of a share is transferable, entitled to dividends, and cannot be redeemed for more than the issuing price. All shares are subject to the terms and conditions of the articles of incorporation and bylaws of the Medford Food Co-op. Shares are at risk and refundable, though the Board retains the right to withhold refunds when necessary to protect the co-op’s financial viability.
Full owner shares can be purchased in-store from any cashier or online via the link below. To take advantage of the payment plan option, please ask a cashier on your next visit to the co-op.
Payment Plan Option
Full owner benefits are available to those who purchase one or more shares for one hundred dollars ($100.00) each. Medford Food Co-op also makes full owner benefits available to those who enroll in the payment plan option.
Owners that choose to pay for a share using the payment plan option are responsible for making minimum monthly payments in order to maintain their owner benefits and active status. The payment plan requires a $20.00 down payment to initiate ownership, and minimum monthly payments of $10.00 until the $100.00 share price has been paid in full. The cashier will remind you at checkout when a $10.00 monthly payment is due.
Payments must be made in increments of $10.00 and must occur monthly. If a payment has not been received in the last two months, owner benefits (including monthly coupons) will be placed on hold. To release benefits on hold, all past due payments must be made in full.
Payment plans are only available for share purchases made in-store. At this time, the payment plan option is not available for online share purchases.
Redemption of Shares
Ownership may be terminated voluntarily by an owner at any time upon notice to the co-op. Upon termination of ownership, an owner share may be redeemed as determined by the Board of Directors.
To redeem your owner share, please complete a Share Redemption Form and submit the completed form to the co-op. Once your form has been received and approved, a check will be mailed for the amount of the share(s) redeemed. Checks for share redemption will be mailed within 10-14 days of approval. Share Redemption Forms are available at the Customer Service desk or via the link below.
Transfer of Shares
An owner may transfer their share(s) to another individual or household that is eligible and interested in ownership.
To transfer your owner share to another individual or household, please complete a Share Transfer Form and submit the completed form to the co-op. Share Transfer Forms are available at the Customer Service desk or via the link below.