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Cooperative 101

Co-op 101

Cooperative Principles

1. Voluntary and Open Membership

Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.

2. Democratic Member Control

Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. The elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote) and cooperatives at other levels are organized in a democratic manner.

3. Members' Economic Participation

Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing the cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.

4. Autonomy and Independence

Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.

5. Education, Training, and Information

Cooperatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives. They inform the general public, particularly young people and opinion leaders, about the nature and benefits of cooperation.

6. Cooperation Among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

7. Concern for Community

While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.

Associated Organizations

Cooperatives are guided by a network of organizations.

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25487 403rd Avenue, I-90 Exit 325

PO Box 850

Mitchell, SD 57301

P: 800.477.2892 • 605.996.7516

F: 605.996.0869

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https://safeelectricity.org/

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©2023 Central Electric Cooperative. All Rights Reserved

  • Home
  • Your Cooperative
    • About Us
      • Our History
    • Annual & District Meetings
    • Associated Organizations
    • Management & Board of Directors
    • Bylaws
    • Contact Us
    • Employment
    • Statement of Nondiscrimination
  • Billing Information
    • Apply for Service
    • Billing FAQs
    • Capital Credits
    • Energy Assistance
    • Payment Options
    • Rate Schedule
    • SmartHub Help
  • Member Programs
    • Basin Electric Bus Tour
    • Community Room Rental
    • Co-op Connections® Discount Card
    • Cooperative Connections Newsletter
    • Electric Heat - Sub Metering
    • Loans
    • Operation Round-Up®
    • Rebates & Incentives
    • Renewable Energy Credit (REC) Program
    • Youth Programs & Scholarships
      • Scholarships
  • Products & Services
    • Appliance Sales & Service
    • Heating & Cooling Service
    • Electrical Wiring Service
    • Electric Grills
    • Generators
    • Heat Pumps
    • Mini-Splits
    • Security Lights
    • Solar Well Pumps
    • Water Heaters
    • Testimonials
  • Safety
    • Generator Safety
    • Grain Bin Clearance
    • Outage Preparation
    • Power Line Safety
    • Tree Planting
    • Underground Facilities
  • Energy Expertise
    • Degree Day Information
    • Electric Vehicles
    • Energy Audit
    • Load Management
    • Solar Energy
      • Central Prairie Solar