D.C. LCA — Patron Classes
Nine pathways into the cooperative
Each class has its own patronage definition — the specific unit of qualified activity that triggers dividend allocation. Patronage conversion rates are set annually by the trust board on a marginal-contribution methodology.
Class 1 of 9
Investor-Member Units
A separate category — founding round only
Investor-member units are distinct from patron-class membership. They are available in the LCA founding round only and carry a capped return per the Subchapter T capital-subordination principle — investor returns are subordinate to patron-class patronage dividends. This structure preserves the cooperative-purity narrative while enabling institutional capital participation.