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.


 

 

On Groundhog Day earlier this month, Punxsutawney Phil could not find his shadow. And as the legend goes, this means we're in for an early spring. With wishful thoughts of spring coming soon, here's a photo that Northern Neck Electric Cooperative member James Bosworth, of Heathsville, sent us. "Lilly frog snorting pollen in her pad rather than on her pad," he writes. We toadally love this photo, James. Thanks for sharing!

Reader photos can be emailed to [email protected]
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Cooperative Cooking!

Did you know Cooperative Living includes recipes in our Commonwealth Kitchen section of each issue and you can find even more recipes on our website? Have you ever made one of the recipes? We would love to hear the results! From success to mishaps, let us know. Include pictures if you have them.

Go to www.co-opliving.com/food/commonwealth-kitchen/ or www.co-opliving.com/food/recipes/ to find more recipes like this one.
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DO YOU KNOW WHO THIS IS?

It’s a HISTORY MYSTERY!

Each issue of Cooperative Living you will find the HISTORY MYSTERY CONTEST!

The theme for the contest is “Famous People Born in Virginia.” Please go to www.co-opliving.com/contests/historymystery/ to submit your guess today! Correct entries will be placed in a drawing and the winner announced in an upcoming issue.

The winner will receive $25.00!
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Glen Allen, Virginia 23060
804-346-3344
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