CO-OPPRINCIPLES

Cooperative businesses adhere to seven guiding 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.

This information is from National Rural Electric Cooperative Association’s website.


 

 

Tell us in the comments below (you can even use GIFs) what your favorite fruit or vegetable is!! June’s cover story is about taking advantage of the proliferation of delightful farmers markets’ this summer and buying fresh fruit, vegetables and much more from Virginia growers. If you haven’t read that story yet, you can read it on our website here: www.co-opliving.com/lifestyle/cover-story/ ... See MoreSee Less

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23 hours ago

Cooperative Living Magazine

Thanks for taking the time meet with our Youth Tour students, Congressman Denver Riggleman!This morning I welcomed students from the Mecklenburg Electric Cooperative and Southside Electric Cooperative
Youth tour who came up to DC to learn about how government works. It was so great to meet you all!
#VA05
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Each June, more than 1,800 young people from around the U.S. head to Washington, D.C., as part of the NRECA Youth Tour. Participants learn about the role that electric cooperatives play in a free enterprise system, especially as it relates to providing electric energy. During the Youth Tour, which is happening this week, students visit Capitol Hill, meet with members of Virginia’s congressional delegation, tour the U.S. Capitol Building, enjoy a dinner cruise down the Potomac River, a Washington Nationals baseball game, sightseeing at iconic U.S. monuments, museums, and much more! Enjoy these photos from the 2019 Youth Tour happening this week! ... See MoreSee Less

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4201 Dominion Blvd.
Glen Allen, Virginia 23060
804-346-3344
www.vmdaec.com
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