Phil Kenkel
Bill Fitzwater Cooperative Chair
Oklahoma State University
Terms Describing Structure
Centralized Associations: A regional cooperative where the producers are direct members. Members in a centralized cooperative do business with a local branch which is controlled by the headquarters.
Closed Membership: A structure in which members can join only during the initial membership drive or by purchasing equity from another member. In closed cooperative equity is often associated with a usage right which requires members to maintain ownership in …