Are there fees associated with a Co-op membership?

Every Stocksy member must purchase a membership share, for a fee of $1 USD. Stocksy is a multi-stakeholder cooperative comprised of three membership classes. Members are required to purchase one share for each membership class they are a part of. Members can hold shares in both A & C classes or B & C classes, but cannot hold shares in A & B. No other costs apply.

For Class A (Advisors), the initial share purchase can be made as a one-time payment to the co-op or deducted from their annual remuneration payment for serving on our board of directors.

For Class B (Business/Staff members), the initial share purchase is deducted from their first pay after acceptance into Class B (following 90-day employment probation period). Class B can also purchase one (1) additional B share annually, holding the total number of shares respective of their years of service with the co-op. Class B shares come into play for patronage payments and do not serve any other purpose in the co-op.

For Class C (Contributors), this share purchase is automatically deducted from the Class C member (Contributor) account upon their first sale. 

From Stocksy's Co-op Rules

2.  SHARES

2.2 Membership shares

1. Membership shares will be valued at $1.00 USD.

2. Stocksy will not allot membership shares until a member has paid for the shares.

3. Class C share purchases will occur automatically upon the member’s first sale, will not exceed 1 share per membership, and will be recorded in the register of members, as well as in the member’s account information.

4. Classes A and B share purchases will be handled as directed by the board and in accordance with the Memorandum, and Class A share purchases will not exceed 200 shares per member.

5. All holders of membership shares will be entitled to receive notice of, and to attend and cast one vote at every meeting of the members or on every resolution brought before the members.

6. All holders of membership shares will be entitled to patronage returns in accordance with the Act, these Rules, and any member agreements.