COOPERATIVE SOCIETY AND EMPLOYEES’ WELFARE

Membership of cooperatives entitles eligible members access to financial resources for capital accumulation, investment and consumption purposes. However, becoming a member of the cooperative comes with the price tag of consistent savings that qualifies such committed members access to certain benefits.the World Bank (2015) reports that about 70% of the population still live in abject poverty, 83.9% of the Nigerian population is still living on less than US $2 per day and the inequality of wealth distribution is 42.9%. Based on this background, there is the tendency to question consumer cooperatives welfare promoting impact. We explore the relationship between and employees’ welfare. A survey research design is adopted in which a Likert 5 constructed questionnaires were administered among the faculty and staff members of the Covenant University Cooperative Society, Ota Ibadan, Oyo State, as a means of data collection.through purposive random sampling. Data collected were analysed using the descriptive and inferen societies cut across people in different age, sex, educational attainment, levels of income and number of households. Majority of the respondents were satisfie cooperative societies in meeting the welfare needs of the members. disbursement by the cooperative societies was also found commendable by members