Basics Natural Foods legally became a member-owned cooperative in 2005. A cooperative is an association of persons united to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise.
Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity. In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility, and caring for others.
At Basics Co-op we uphold the following 7 principles, which are observed by cooperatives all over the world: Voluntary and Open Membership, Democratic Control, Member Economic Participation, Autonomy and Independence, Education, Training and Information, Cooperation Among Cooperatives, Concern for Community