RIVER VALLEY MARKET LOW INCOME MEMBERSHIP ASSISTANCE PROGRAM
What is the Low Income Membership Assistance Program?
The Low Income Member Assistance Program gives everyone, regardless of income, an opportunity to become a member-owner of River Valley Market and enjoy all the benefits of being a member of the co-op.
This program is for local residents who are committed to supporting our co-op by becoming member-owners, but who might not otherwise be able to afford to join.
How does the program work?
A member equity share in River Valley Market costs $150. Participants in the Low Income Membership Assistance Program pay 15 monthly installments of $5 (for a total of $75) and River Valley Market pays the other half of the share ($75).
The $75 paid by the program is a loan. Repayment is optional, but if you find in the future that your circumstances allow you to repay the $75, that amount will then be contributed back to the Low Income Membership Assistance Fund to help future member-owners.
Who is eligible?
You are eligible if you value cooperative ownership rights and responsibilities and you find that you have difficulty affording either the full $150 membership or the $25/month installment program.
You alone determine whether you need the support of this program to become a member-owner. The funding comes from co-op members who have donated to the program to ensure that membership in the co-op is accessible to everyone, regardless of income.
If you would like to learn more about the benefits and responsibilities of being a co-op member-owner, stop by the Customer Service Desk.
How may I apply?
If you are interested in receiving assistance to become a co-op member-owner, please stop by the Customer Service Desk and fill out an application. Applications will be processed on a first-come, first-served basis and granted if funding is available.