For decades, universities, researchers, and libraries have sought a systemwide transition of scholarly publishing to open access (OA), but progress has been slow. There is now a potential for more rapid and impactful change, as new collaborative OA publishing models have taken shape. Cooperative publishing arrangements represent a viable path forward for society publishers to transition to OA as the default standard for disseminating research. The traditional article processing charge OA model has introduced sometimes unnavigable financial roadblocks, but cooperative arrangements premised on collective action principles can help to secure long-term stability and prevent the risk of free riding. Investment in cooperative arrangements does not require that cash-strapped libraries discover a new influx of money as their collection budgets continue to shrink, but rather that they purposefully redirect traditional subscription funds toward publishing support. These cooperative arrangements will require a two-way demonstration of trust: On one hand, libraries working together to provide assurances of sustained financial support, and on the other, societies' willingness to experiment with discarding subscriptions. Organizations such as Society Publishers Coalition and Transitioning Society Publications to Open Access are committed to education about and further development of scalable and cooperative OA publishing models.