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The Cooperative Society was established on December 22, 2020, and began operations that same month with 10 members. Membership strength now stands at 823, as of December 31, 2023. The cooperative society's activities are piloted by an elected management committee and council of inspection.

Goodlife (UYO) MPCS is under the supervision of the Akwa Ibom State Ministry of Rural Development and Cooperatives, responsible for cooperative development in the state. The cooperative hosts monthly general meetings and an annual general meeting where bonuses are distributed to members based on the amount of savings and shares in each account.

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