WHAT’S A CO-OP?

A co-op is a company owned by customers and operated for their benefit. This differs from a private company, which is owned by shareholders and obligated to provide a return on their investment. By definition, a cooperatively-owned company should have the customers’ best interests at heart.

Typically, a cooperative will return profits to customers at the end of the year, based on their purchases. A percentage of those profits is returned in cash, and the balance is retained in the customers’ equity accounts to grow the business. Most cooperatives have a program for paying back those equities in the future.

Some private companies pulled out of rural America because they could not make enough money to satisfy their shareholders, but co-ops stay because they are locally owned by people they serve. That’s a good reason to do business with NuWay Cooperative—to keep us strong and healthy so we can continue to provide the farm supplies, energy products, and retail services you need.

You need not be a farmer to buy from NuWay Cooperative. Just establish an account and start doing business at any of our locations. Click here to review our Credit Policy and download a Credit Application.