Cooperative Principles

Cooperative Principles

The Seven Cooperative Principles

1. Open and Voluntary Membership.
Because cooperatives are voluntary organizations, membership is 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.
Members have equal voting rights. It doesn't matter how much electricity
a member consumes. When it comes to electing directors, each member has one vote.

3. Member Economic Participation.
Members contribute equitably to the capital of their cooperative.
At least part of that capital is usually the common property of the cooperative.

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.
New challenges and new technologies affect your cooperative and the entire utility industry.
Insuring our continuing effectiveness can only be accomplished by providing information
and training to the members and public, our employees, staff and directors.

6. Cooperation Among Cooperatives.
We are "working together, working for you," on many levels. Cooperatives serve their members
most effectively and strengthen the co-op movement by participating in local, state, regional,
national and international cooperative organizations.

7. Concern for Community.
Cooperatives work for the sustainable development of their communities
through policies accepted and supported by their members.

At Freeborn-Mower Cooperative Services, you are a member-owner of this private, nonprofit business. The members, customers like you, elect fellow members to serve as directors of the cooperative. The directors set policy and oversee the general operation of the cooperative. They also hire the President & CEO, who implements the policies and is responsible for the daily operation of the cooperative through the actions of its employees. The employees provide service to the members, thus completing the "circle of cooperation."

 

We'd Like To Hear From You...
As a member of an electric cooperative, you have a voice.
Click here to submit a comment or question.