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Co-op Principles

Seven Cooperative Principles
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Cooperative businesses are special because they are owned by the consumers they serve and are guided by a set of principles that reflect the best interests of those consumers, including:

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.

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.

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.

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.

Concerns 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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©2023 Adams Electric Cooperative, Inc. All Rights Reserved

  • MY BILL
    • PAYMENTS
      • My Bill Explained
      • View/Pay My Bill
      • Ways to Pay
    • RATES
      • Current Rate Schedule
      • Incentive Rates
    • SERVICE
      • Begin/Discontinue Service
      • Fees
      • Update My Account
    • INFO
      • Ownership Rewards
      • Scams
  • MY CO-OP
    • THE CO-OP WAY
      • Co-op Principles
      • Member Rights And Responsibilities
      • Our Mission and Promises
      • Bylaws
    • ABOUT
      • Where we serve
      • Office Locations
      • Board of Directors
        • Director Responsibilities
      • Management Team
      • Our History
        • Adams' Timeline
      • Co-op University
    • JOIN
      • Careers At Adams Electric
      • Be A Co-Op Volunteer
        • Credentials and Election Committee
        • Member Engagement Group
        • Scholarship Committee
      • What is Co-op Owners?
      • Co-ops vote
      • New Member Packet
  • MY COMMUNITY
    • Project Helping Hand
    • Community Loan Fund
    • LED Area Lights
    • Co-op Connections
    • PSECU
  • MY EDUCATION
    • Scholarships
    • High Voltage Safety Demos
    • Youth Education
    • Rural Electric Youth Tour
    • Safety Quiz
    • Co-op University
  • MY PUBLICATIONS
    • Penn Lines
    • Brochures
    • Annual Report
    • Electric Installation Guide
  • MY ENERGY SAVINGS
    • MY USE
      • SmartHub
      • Solar Dashboard
      • Renewable/Alternative Energy
    • MY SERVICES
      • Audits
        • Home Efficiency Analysis
        • Business Energy Advisor
        • Walk-Through Energy Audits
      • CFL/LED Recycling
      • Generator Safety
      • Together We Save
    • MY PROGRAMS
      • U-Shift, U-$ave
        • U-Shift Air Conditioning
        • U-Shift Off-Peak Rate
        • U-Shift Water Heating
      • Lighting Options
      • Surge Protection
    • MY PRODUCTS
      • Online Energy Store
      • Aero Energy
      • Filter Change
  • MY EV