
Join the Co-opJoining the Co-op is an easy and straightforward process. If you have any questions about joining, please contact us for more information. Here are the Easy Steps:
The Co-op board will review your information and contact you with a decision about your membership. You will be required to purchase two shares* (see the table below) to become a member of the Co-op. Additional shares are charged to you based on your organization's income. For every increment of $50,000 your organization will be required to purchase one share up to the maximum revenue of $10 million. Share Requirements To Become an Owner-Member*
Gross Revenue Shares at Application Increments of $50K After First $50K Total Shares Subscribed Total Cost $ 98,000 2 (min.) 0 2 $ 100 256,000 2 4 6 300 750,000 2 14 16 800 1,275,000 2 24 26 1,300 5,451,000 2 109 111 5,550 12,049,000 2 199 (max req.) 201 10,050 From the above table, you can see that all organizations purchase two shares at application. Additional share purchases will be required based on your organization’s gross revenue – the higher the revenue, the more share subscriptions required. When organizations first consider joining UCSC, the first question is typically - Is there an annual fee for joining the Co-op? The answer is No. There is no annual membership fee. Organizations subscribe to Co-op shares when they join, but do not subsidize it on an ongoing basis. After that, the Co-op must survive through its business activities. However, all of the subscribed shares do not have to be paid immediately. The actual payment for shares will be worked out on a case by case basis. This will assist the new member to start acquiring benefits right way and smoothes out the Co-op’s cash flow. To find out more about what it means to be an Owner-Member of the Co-op, please visit the Frequently Asked Questions. Read more about the Benefits of joining the UCSC. |
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United Community Services Co-op
201-1638 East Broadway Vancouver, BC V5N 1W1 |
Tel: 604-718-8292 | Fax: 604-488-1022 |
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Email: info@ucscoop.com |
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