South River EMC

Cooperative Principles In Action

Cooperatives around the world operate according to a core set of principles that originated in 1844 from the first modern cooperative, the Rochdale Society of Equitable Pioneers in Rochdale, England.

These principles, along with the co-op purpose of improving quality of life for their members, make electric co-ops different from other electric utilities. But what does that mean for you?

Voluntary And Open Membership

Membership in a cooperative is open to all people who can reasonably use its services and stand willing to accept the responsibilities of membership, regardless of race, religion, gender or economic circumstances.

Democratic Member Control

Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. Representatives (directors) are elected among members and are accountable to them. This is why we hold our Annual Meeting, typically in April, if you’re interested in attending!

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. Members allocate surpluses for any or all of the following purposes: developing the cooperative; setting up reserves; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership. This principle is what gives you capital credits, which is the return of any revenue over the cost of doing business, back to you.

Autonomy and Independence

Cooperatives are autonomous, self-help organizations controlled by their members. This allows the organization to be controlled by a locally elected board of directors.

Education Training and Information

Education and training for members, elected representatives (directors), CEOs and employees help them effectively contribute to the development of their cooperatives.

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. This includes the assistance cooperatives provide to each other during storm restorations.

Concern For Community

Cooperatives work for the sustainable development of their communities through policies supported by the membership. This includes programs like Bright Ideas, which provides grants to public, K-12 schools, and Operation Round Up, where grants are awarded to non-profit organizations and schools.

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South River Electric Membership Corporation is a premier locally-owned and operated electric cooperative with a mission to provide safe, reliable, competitively-priced electricity.

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