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The Cooperative Story
Cooperatives are owned by their members—the people who receive services from them—and are found in many industries. SVEC is one of more than 900 electric co-ops serving over 42 million Americans.
1. Voluntary and open membership
A cooperative is a voluntary organization, open to all people who are able to use its services and willing to accept the responsibilities of membership.
2. Democratic member control
A cooperative is a democratic organization controlled by its members who are given opportunities to actively participate in setting policies and making decisions..
3. Member economic participation
Members contribute to the capital of their cooperative. This capital is used to operate the cooperative, and it benefits the member in proportion to the amount of business they do with the cooperative.
4. Autonomy and independence
No matter what agreements a cooperative may enter with other organizations, its members maintain control and the cooperative remains independent.
5. Financial education, training, and information
Cooperatives provide education and training for members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperative.
6. Cooperation among cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, regional, national and international organizations.
7. Concern for the community
While focusing on member needs, cooperatives work for the sustainable development of communities through policies and programs accepted by the members.
To learn more about electric cooperatives, check out the video below.