Frontier Co-op
I write about co-ops, but I don’t belong to one. Or so I thought. I just received a membership patronage check of $15.83 from the Frontier Co-op. My wife and I are members and order supplies from their enormous catalog. The items are discounted as long as you order in bulk with a group of people. In a letter they sent with the check, I learned the co-op had their most profitable year in 2014 with a net income of $15.5 million. For that year the co-op is returning 35% of the members’ overall earnings in cash. Since starting in 1976, the last ten years have been an unprecedented success for the co-op with a growth rate of 12% during that decade. It’s great to be a part of it. (more…)