Cooperative Care

A primary example of the positive impact of our Fund is our first loan, made to Cooperative Care, a 35-member worker-owned home care cooperative in rural Wisconsin that has operated successfully for 20 years. Cooperative Care serves a sparsely populated market with a low-income client base (the majority receive Medicaid-sponsored care). In some counties they are the only provider of home-based care for seniors and the disabled on public pay programs.

The Fund for Jobs Worth Owning received an emergency call in 2019 to refinance a line of credit when a local bank under new management unexpectedly canceled the loan that had been in place for a decade. As a major provider of care services to low income seniors, Cooperative Care routinely uses a line of credit to bridge the often 60-90 day period between when they provide a service and when the state pays for the care. Without a line of credit, the co-op’s business was in jeopardy. A flexible term loan from FJWO covered the back balance due and other working capital needs. Technical assistance from the FJWO team helped co-op leaders with business planning to get them back to profitability. With their old loan paid off and a new business strategy in place, the co-op was able to renegotiate a new line of credit with the local bank and regain stable financial footing.

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Home Care
New York, NY
30 People
Cooperative Conversion

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The Fund for Jobs Worth Owning | (617) 383-8192
136 West Street #1, Northampton, MA 01060
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In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: