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.


 

 

Many electric cooperatives observed National Lineman Appreciation Day back on April 8, pursuant to a 2014 directive from the NRECA Board of Directors that sets aside the second Monday in April for the observance. But, today, many other utilities will recognize National Lineman Appreciation Day, due to legislation that cleared the U.S. Senate in 2013. Since there's no such thing as too much attention being drawn to our electric cooperative lineworkers, here are some cute co-op kids who would like to honor the lineworkers of Virginia, Maryland and Delaware's electric cooperatives!

Give your local electric cooperative a call, post on their Facebook page, or make a post on social media and #ThanksALineworker today!

BARC Electric Cooperative A&N Electric Cooperative Community Electric Cooperative Craig Botetourt Electric Cooperative Delaware Electric Cooperative Prince George Electric Cooperative NOVEC Rappahannock Electric Cooperative Shenandoah Valley Electric Cooperative Southside Electric Cooperative Mecklenburg Electric Cooperative Powell Valley Electric Cooperative Northern Neck Electric Cooperative Central Virginia Electric Cooperative Choptank Electric Cooperative
... See MoreSee Less

View on Facebook

2 days ago

Cooperative Living Magazine
View on Facebook

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