Thursday, March 24, 2011

How much do I love co-ops?

About $94,000,000 worth. That's how much REI Co-op returned to their members this past year. I've been a member for years, and regularly get back $50-$100 a year. (There is a one-time fee of $25 to become a member.) REI is an outdoor gear store that is one of my favorite places to shop. They have 2 stores here in Dallas, many other brick-and-mortar stores coast-to-coast, as well as an on-line store. And no, I'm not on REI's payroll. I just really like them.

I think it's so cool when members get to share in the "profits" of a business. I just feel like I'm being treated fairly there, instead of being "sold" something. Sort of how I like credit unions more than banks (whose main, ONLY job....seems to be to squeeze every last cent they can out of you). I've become quite the cynic. Can you tell? I guess it's just another sign of the times we live in.



  1. I love it! I got a $10 pair of socks and a $48 Camelbak for a little over $9!


    And don't make fun of my water carrying device :P

  2. I love outdoor shops. I get a similar feeling when the dividend checks hit the mailbox from some of the stocks I own.

    Have a great weekend.