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Seven Principles Blog
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In 1844, a small group of weavers from Rochdale, England created the blueprint for how their newly-formed cooperative would operate and serve the local community. These values, known as the Seven Cooperative Principles, serve as the operating guidebook for credit unions and cooperatives throughout the world. This blog was created to honor that legacy and to showcase the everyday efforts of credit unions in the Carolinas that embody the cooperative mission and purpose.


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Durham Co-op Market to open in mid-February

Posted By Jeff Hardin, Tuesday, January 13, 2015
Updated: Wednesday, January 14, 2015

Principle Seven: Concern for community. Since cooperatives are locally owned, they are committed to investing in the community.

An artist rendering of the Durham Co-op Market, which is
scheduled to open in February.

If the weather cooperates and all goes well,the Durham Co-op Market (DCM) will open for business in mid-February. Located in downtown Durham, the food co-op will specialize in providing high quality food and products from local sources.

While the finishing touches are made to the Chapel Hill Street location, the co-op is encouraging people to join. Thus far, more than 1,600 people have joined the fledgling co-op, and DCM hopes that number will swell to 2,000 member-owners prior to its grand opening.    

DCM is nearing its opening after seven years of hard work by its board and numerous community volunteers. The idea for DCM sprung from a meeting of the Old North Durham Neighborhood Association in 2007. A committed group of volunteers organized to study the viability of a co-op food store in central Durham. 

Their efforts were slowed by the financial crisis and the lack of funding sources for DCM. A loan from Self-Help CU more recently was a critical development in helping the co-op reach the finish line.

Durham's newest co-op is expected to employ between 20 and 30 people. For more information about DCM or to join the co-op, please click here.

Tags:  Durham Co-op Market  Principle Seven 

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CUaware Charleston group names regional council representatives

Posted By Jeff Hardin, Wednesday, January 07, 2015

Principle Six: Cooperation among cooperatives. Credit unions work together to improve services to members and build sustainable communities.

The Charleston CUaware group named four credit union professionals to serve as regional council members this week. Corey Pace and Stephanie Ownby of South Carolina Federal Credit Union, as well as Amanda Brown & Steven Lattuca, both of Heritage Trust Federal Credit Union, will serve on the council. 

Regional council members provide local leadership and oversight, including planning events and coordination of all activities of the Charleston group. The CUaware groups throughout the Carolinas will follow a quarterly meeting schedule in 2015 as follows: 

March - education
May - volunteerism
July - networking
October - advocacy  

Elsewhere, CUaware regional councils are in the process of forming. If you are interested in participating in a regional council or need more information, please contact Brandon McAdams.

Tags:  CUaware 

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Triad CUaware group puts on the tacky in Christmas gathering

Posted By Jeff Hardin, Wednesday, December 17, 2014

The Triad Chapter of CUaware rang in the holidays with a Tacky Christmas gathering December 16. A total of 17 staff from Winston-Salem area credit unions attended the event, which was held at The Quiet Pint.

Using a bright red costume that included an elf hat and battery-powered sweater, Jarrod Hayworth of Piedmont Advantage CU took first prize for tackiest holiday costume. Hayworth's prize? Bragging rights in the upcoming year.

"We had a fun time and saw a lot of new faces," noted Jessica Morphies (Piedmont Advantage CU). "It was also a great opportunity to let folks know about what CUaware is planning in the upcoming year, and how they can get involved." 

Earlier this fall, the CUaware executive council approved its 2015 strategic plan and quarterly meeting schedule. The meetings will focus on the core areas of education, volunteerism, networking and advocacy. 

Active CUaware councils in both Carolinas will be planning these quarterly events. Additionally, local chapters may elect to have additional meetings through the year. "We're planning a January 15 kickoff event for the year in the Triad," shared Morphies. 

For more information about CUaware or to inquire about volunteer opportunities in your area, please contact Brandon McAdams.      

Tags:  CUaware 

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CUaware Triad Chapter to hold tacky Christmas attire gathering

Posted By Jeff Hardin, Tuesday, December 09, 2014
Last year's event drew a wide variety of tacky sweaters and costumes. 

The Triad Chapter of CUaware invites you to don your tackiest Christmas apparel and join them for their holiday gathering December 16! The event takes place beginning at 5:30 pm at the Quiet Pint in Winston-Salem (1420 West 1st Street). There is no admission charge.

This is the second year the Triad Chapter has celebrated the holiday season together. "It's a fun event that we are looking forward to doing again this year," shared Jessica Morphies (Piedmont Advantage CU). "We invite everyone to dress for the occasion and come out to be with your local credit union friends." 

Morphies adds that the prize for tackiest outfit is "bragging rights in the upcoming year." The winner also gets featured in an upcoming CUaware publication.

For more information about this event or to register, please contact Laura Engle (  

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Principle Seven: Greensboro's RCC notes fundraising milestone, outlines community need

Posted By Jeff Hardin, Tuesday, December 09, 2014
Updated: Tuesday, December 09, 2014

Principle Seven: Concern for community. Since cooperatives are locally owned, they are committed to investing in the community.

To beef up the fundraising campaign, the RCC recently released a video showcasing the history of food access in Northeast Greensboro, poverty & food insecurity, and how the co-op would alleviate these community issues.

The Renaissance Community Co-op (RCC) announced last week it has surpassed $1 million in fundraising in its effort to open a grocery store. The food co-op, to be located in Northeast Greensboro, will provide access to healthy foods to the local neighborhood.  

The fundraising milestone came through a combination of membership drives, loans and grants from partner agencies. The RCC estimates it needs $1.79 million to fully capitalize and open the store. The co-op group hopes to raise these funds through a combination of member loans, economic development incentives and an Indiegogo campaign currently underway.

Tags:  Principle Seven  Renaissance Community Co-op 

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