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Cooperative Principles

Cooperative Principles

Northeastern REMC operates according to the seven cooperative principles. These principles help guide the operations of all co-ops throughout the world. They were first described in 1844 and, while they have gone through a series of changes over the years, these principles still form the basis of the cooperative spirit to this day. Here are the seven principles that help guide our daily operations at NREMC:

 

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 policies and making decisions. The 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 equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members 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 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

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.

Co-op principles video series

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  • My Account
    • Pay Now/View Bill
    • Understanding Your Bill
    • Payment Options
    • Moving
    • Capital Credits
    • Rates
    • New Member
  • Programs and Services
    • Solar Energy Options
    • Tree Trimming and Removal
    • Surge Protection
    • Propane
    • Water Heater Rebate
    • Security Lighting
    • Electric Standards Manual
    • Peak Thermostat Program
  • Safety
    • Request a Safety Demo
    • Call Before You Dig
    • Power Line Safety
    • Pet Safety
    • Tree Planting Safety
  • Community Involvement
    • Art Contest
    • College Scholarship
    • Co-Op Connections Discount Card
    • Operation Round Up®
    • Camp Kilowatt
    • Page Day at the Statehouse
    • Youth Power & Hope Awards
    • Youth Tour to Washington, D.C.
  • Power Outages
    • Report an Outage
    • Outage FAQs
    • Outage Map
  • About Us
    • Contact Us
    • News from NREMC
    • Blog
    • Our History
    • Leadership and Board Members
    • Employment
    • Newsletters
    • Governance
    • Touchstone Energy Cooperatives
    • Cooperative Principles
    • Kilowatts and Coffee Video Series