Co-operative History & Principles

1. What year did the Rochdale flannel weavers first attempt a co-operative society?

2. Why did the first co-operative society attempt fail?

3. In what year was the Rochdale Society of Equitable Pioneers formed?

4. What was the price per share Rochdale Society of Equitable Pioneers?

5. What circumstances triggered the formation of the Rochdale Friendly Society?

6. What types of goods were initially sold by the Rochdale Society of Equitable Pioneers?

7. The Rochdale Land and Building Company attempted to build co-operative house for their members to allow them to afford housing.

8. Which agency has the final authority for defining co-operative principles?

9. How many co-operative principles exist?

10. Which of the following best fits the following statement ‘Members contribute equitably to, and democratically control, the capital of their cooperative. “

11. Which of the following is NOT a co-operative principle

12. What is the purpose of a credit union?

13. Only members with preferred shares have voting rights

14. Credit Union membership is usually restricted to a particular bond such as location or occupation.

15. Membership is determined by race, religious beliefs and social status

16. Credit Union officials such as the President are appointed by the Manager

17. The credit union belongs to the membership and staff, management and directors are accountable to the membership.

18. What is the difference between a co-operative and a credit union?

19. Name two ways in which credit unions are different from banks.

20. When is International Credit Union Day celebrated? What is this year’s theme?