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The Cooperative Principles
- 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 or religious discrimination.
- 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.
- 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.
- 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.
- 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.
- Cooperation Among Cooperatives: Cooperatives
serve their members most effectively and strengthen the cooperative
movement by working together through local, national, regional, and
international structures.
- 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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The Cooperative Principles
- 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 or religious discrimination.
- 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.
- 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.
- 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.
- 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.
- Cooperation Among Cooperatives: Cooperatives
serve their members most effectively and strengthen the cooperative
movement by working together through local, national, regional, and
international structures.
- Concern for Community: While focusing on
member needs, cooperatives work for the sustainable development of
their communities through policies accepted by their members.
All rights reserved. Copyright 2009 - 2010, Lynches River Electric Cooperative
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WIRE Scholarship
03.15.2010Applications for the WIRE Jenny Ballard Opportunity Scholarship for women are being accepted. The $2,500 one-time scholarship is based on financial need and personal goals. Application deadline is June 1, 2010. Click here for the full story. Apply for HVAC Upgrade
03.01.2010Members of Lynches River Electric Cooperative who own a manufactured home can apply for a HVAC system upgrade beginning March 1. Click here for the full story. Don't Get Shocked by Winter Bills
01.29.2010Colder than normal temperatures caused peak power demand record for electric cooperatives in South Carolina. That increased demand will mean higher than normal electric bills for consumers. Click here for the full story.
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