By Tara Miller, Manager of Communications
October is National Cooperative Month, a time to celebrate the unique business model that prioritizes community, collaboration and member empowerment. Across the United States, cooperatives of all types come together to highlight the importance of working collectively for the greater good.
For electric cooperative members, this month is an opportunity to recognize the vital role your cooperative plays in bringing reliable, affordable electricity to previously underserved areas. As we celebrate National Cooperative Month, it’s important to reflect on the guiding principles that make member-owned cooperatives so unique.
Voluntary & Open Membership
By maintaining voluntary and open membership, cooperatives remain inclusive and responsive to the diverse needs of their communities. This principle ensures that everyone in the community has access to the services and benefits provided by the cooperative.
Democratic Member Control
Cooperatives are democratic organizations controlled by the members. Elected board members are accountable to the membership. Each member has one vote, regardless of the amount of electricity they use, ensuring equality in decision-making.
Member Economic Participation
Members contribute to the capital of the cooperative. Surpluses or margins are allocated for cooperative development or returned to members as capital credits. This principle ensures that the cooperative operates for the benefit of its members rather than for profit.
Autonomy & Independence
Cooperatives are independent organizations controlled by their members. If cooperatives enter into agreements with other organizations, they do so in a way that ensures democratic control by their members and maintains their autonomy. This independence allows cooperatives to prioritize their members’ needs without external influence.
Education, Training & Information
Cooperatives provide education and training for their members, elected directors and employees so they can contribute effectively to the development of their cooperative. This principle emphasizes the importance of informed and engaged members in the success of the cooperative.
Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, regional and national structures. By collaborating, cooperatives can achieve greater economic influence, benefiting their members and communities.
Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members. This principle underscores the cooperative’s role in improving the quality of life in the communities they serve.
Cooperatives were formed when neighbors came together to solve a problem and stand up for the greater good. These principles guide Central Electric in its mission to provide reliable energy and services with a commitment to safety and member satisfaction. We extend our gratitude to Central Electric’s member-owners during National Cooperative Month.