Word: cooped
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Dates: during 1960-1969
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...mail referendum the members of the Harvard Cooperative Society have overwhelmingly endorsed a series of by-law revisions proposed by the Coop management to democratize the annual election procedures...
...MATTER what happens to the by-law proposals, the Coop is working to push the rebate back up. The rates this year have slipped again to 55 per cent for charge and 7.5 per cent for cash. Because of a new charge arrangement with Harvard Trust, the Coop will now be able to cut billing expenses...
...Coop-CAP cards. Cash business will continue as usual, but anyone wishing to charge will now receive a monthly bill from the bank, listing Coop expenditures and any charges at stores honoring CAP. Since the bank is now handling all billing and immediately reimbursing the Coop for all charges, the Coop will give a rebate on all purchases, even ones not paid within a month...
Harvard Trust will have a tougher credit policy than did the Coop, but no tougher than the Coop planned for itself this fall. Because of the high cost of money the Coop was planning to tighten credit and tack a 1.5 per cent interest charge on overdue bills...
...system, therefore, offers a chance for students to establish credit and for the Coop to cut expenses. The Coop's increased profits will flow back to members, which, after all, is what a cooperative society is all about...