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Seven Cooperative Principles

The Seven Cooperative 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 their policies and making decisions.  Men and women serving as 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 equally to, and democratically control, the capital of their cooperative.  At least part of that capital is usually the common property of the cooperative.  They 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 government 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.

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We dare you to follow us

 

Otsego Electric Cooperative, Inc.

PO Box 128

3192 County Hwy 11

Hartwick, NY 13348

 

607-293-6622

Pay-by-Phone 844-843-6842

©2021 Otsego Electric Cooperative, Inc. A Touchstone Energy Cooperative

  • Home
  • About Us
    • About Touchstone Energy
    • Board of Directors
    • Bylaws
    • Career Opportunities
    • Contact Us
    • Key Personnel
    • OEC Vision
    • Office Hours/Address
    • Service Territory
    • Seven Cooperative Principles
  • Safety
    • Battery Back-up
    • Storm Center
    • Transfer Switch
    • Safety Quiz
  • Operations
    • Approved Electrical Inspectors
    • Construction
    • Engineering
    • Maintenance
    • Specification Sheets
    • Vegetation Management
  • Member Solutions
    • America's Cooperatives
    • Annual Meeting
    • Area Lights
    • Billing
    • Co-op Connections
    • Marathon Water Heaters
    • Membership Applications
    • Member-Owned Distributed Generation
    • Marlette Scholarship
    • Newsletter
    • NRECA Legislative Rally 2021
    • Payment Options
    • Rates
    • Renewables
    • Request to Disconnect Service
    • Service Changes
    • Together We Save
  • Links
    • OEC Partners and Affiliates