Communities come in all shapes and sizes. Some are based on geographical proximity, some are based on shared interests or hobbies and some communities can even be found in virtual spaces like social media groups. Regardless of where or how they are formed, communities can bring people together and create a sense of belonging.
Coastal Electric Cooperative is deeply committed to our members, and we’re glad you are part of the electric cooperative community.
This month, more than 30,000 cooperatives across the U.S. are celebrating National Co-op Month. It’s a time to reflect on all the aspects that set cooperatives apart from other types of businesses but, more importantly, it’s a time to celebrate the power of co-op membership.
Electric cooperatives are not-for-profit utilities that are built by the communities they serve. For Coastal Electric Cooperative, our mission has always been to provide you with reliable power. We care about your quality of life, and because we are locally operated, we’re uniquely suited to meet our members’ evolving energy needs.
Beyond the business of electricity, our employees and directors are equally invested in our local community. Why? Because we live here, too. That’s why we work hard to support local economic development projects, youth programs and scholarships, charitable giving initiatives, and additional programs that make our community a better place to call home.
As a not-for-profit electric cooperative, we operate differently from other electric utilities, putting members’ needs first. We keep the Seven Cooperative Principles at the core of everything we do:
1. Open & Voluntary Membership
Membership in a cooperative is open to all persons who can reasonably use its services and stand willing to accept the responsibilities of membership, regardless of race, religion, gender, or economic circumstances.
2. Democratic Member Control
Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. Representatives (directors) are elected from among the membership and are accountable to the membership.
3. Members’ Economic Participation
Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital remains the common property of the cooperative.
4. Autonomy & Independence
Cooperatives are autonomous self-help organizations controlled by their members. If they enter into agreements with other organizations or raise capital from external sources, they do so on terms that ensure democratic control, as well as their unique identity.
5. Education, Training & Information
Education and training for members, elected representatives (directors), CEOs, and employees help them effectively contribute to the development of their cooperative. Communications about the nature and benefits of cooperatives, particularly with the general public and opinion leaders, help boost cooperative understanding.
6. Cooperation Among Cooperatives
By working together through local, national, regional, and international structures, cooperatives improve services, bolster local economies, and deal more effectively with social and community needs.
7. Concern for Community
Cooperatives work for the sustainable development of their communities through policies supported by the membership.