Membership


MembershipPageWeb
lntrested in the Riverwest Investment Cooperative?  Here we have all the resources that you need to learn about our mission, our goals, our cooperative framework and how to become a member. Take a moment and read through this presentation to help answer any question you may have.

Please look at these important documents as well

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Now that you’ve had a chance to learn about us, you may be wondering how you can become more involved in the Riverwest Investment Cooperative. We hope so!
There are several “categories” of Member/Investment available.

Membership

A RIC membership can be purchased for $1000 by any Wisconsin resident. Only one membership is allowed per individual. Members are entitled to several rights, in particular, they are eligible to serve on the Board of Directors. Also, Members have one vote each to elect directors at the annual meeting as well as one vote toward investment/property decisions when requested by the Board of Directors. Members earn a distribution of year-end net proceeds.

You can become a RIC member by completing

  • This Form and sending RIC a check for the amount you wish to invest.
  • Feel free to contact us or RIC’s treasurer and a founding member of the organization, Tom Stocco.

Preferred Shares Investor

A preferred share in RIC can be purchased at $100 increments by any Wisconsin resident. Ten shares may be converted into one membership at the request of the investor. Preferred Shares Investors earn dividends at 3% APR.

Friend/Volunteer

This is an important category of involvement with RIC because “Friends” are a cadre of area residents who care about what we do, have an interest in the neighborhood and want to stay informed about our events, meetings, decisions and volunteer opportunities. To become a Friend or Volunteer check follow this link to the Volunteer Page

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