coop.

At present, interest rates of 45 percent are probably a fair rate of return to both the community investor and the co-op.

Prior to 1942, the courts had held that tenant-stockholders could not take deductions for taxes paid by a co-op. However, in an effort to treat them the same as homeowners, Congress added a provision to the tax code specifically allowing tenant-shareholders to deduct such taxes.

West Central isn't your average co-op. For nearly 100 years the company has been adding services, expanding businesses and developing new technologies that have placed it not only at the forefront of its industry, but as an influential figure in many others.

Some residents, furthermore, joined and served as officers of a regional health care co-op. Residents formed cooperative housing units as well as co-ops to teach art, dance, and gymnastics to children.

Howe arranged transactions that included a $6.3 million first mortgage for the Bon Aire, a 152-unit co-op located 822 Bon Aire Circle in Suffern, NY; $4.0 million first mortgage and a $250,000 line of credit for a 73-unit Bethpage co-op.

"Our customers want food from local farms," affirms Lamar Stribling, produce department coordinator for the Hendersonville Community Co-op. A sign over the lush and full produce section confirms the Co-op's dedication to satisfying the demands of their customers for locally grown produce.

Derochers says that as more and more exhibition opportunities for independent films dry up in Canada, an international outlook will become more important for the co-op. Up next, the WFG is planning a tour of its films through South America in conjunction with the University of Buenos Aires.

"Ad reps see co-op as another thing to sell," said Ron Scoles, integrated marketing manager at the Billings (Mont.) Gazette, "rather than another way to sell." Newspaper ad reps do not typically report to the co-op manager, so co-op managers must sell their own reps on cooperating with co-op. Dan Berry, co-op coordinator in Billings, scans pages daily to alert his reps to product ads manufacturers could have financed.

The power and control that, in most corporate structures, is concentrated in a few hands, are spread among all the members of a co-op. As a result, co-ops can and do sponsor events that have nothing to do with making a profit - and can even lose sales.

The tenant-shareholders own shares in the co-op; the co-op owns the apartment building; the tenant shareholders' stock ownership entitles them to lease a specific apartment unit from the co-op; and the tenant-shareholders pay monthly rent (maintenance) to the co-op. The purpose of Sec.

More than two-thirds of the country's co-op programs award academic credit for co-op. Each program determines how this credit is distributed.