Costco

979.842 - 1004.133 David Rosenthal

And so they start this club so that they can pool the buying power and get better prices on goods that they can all participate in together. Well, it turns out there are a lot of federal employees out there, especially in San Diego. They charged a membership fee. They charged dues to join. But unlike Costco today, they didn't really make any money on the memberships. Remember, they're a nonprofit.