What is a Co-op?

Maybe you’ve been wondering where exactly the “co-op” part of our name comes from.Let’s start with a quote shall we?

“Cooperatives are a reminder to the international community that it is possible to pursue both economic viability and social responsibility….Cooperatives are business enterprises owned and controlled by the very members that they serve. Their member-driven nature is one of the most clearly differentiating factors of cooperative enterprises. This fact means that decisions made in cooperatives are balanced by the pursuit of profit, and the needs and interests of members and their communities. Cooperatives take many forms and operate in all sectors of society. Most share a unique set of principles which keep them attuned with their member-driven characterization.”

United Nations, 2012

From the initial conception of the Lunik project, being run as a co-operative was central to ensuring that Lunik remained “by students, for students”. Each student contributes to Lunik through their student fees, which means that every Glendonite is an equal member of the Lunik Co-op. This is important, because it gives each and every student an equal opportunity and right to attend meetings, volunteer, and contribute to the functioning of Lunik.

All revenues collected from our daily operations go directly back into growing Lunik. That means unlike a traditional business model, all profits go back to the consumer – Glendon students!

Co-operatives are a pretty interesting and exciting form of business and Lunik is extremely proud to introduce this structure to the Glendon community. Give us a shout if you want to learn more about co-operatives, education is what we’re all about!

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