The Principles of a Cooperative
Cooperatives are independent, private and not-for-profit organizations owned by the members they serve. The priorities of PEC’s members are represented through a democratic process, and every member is encouraged to monitor and regulate the business of our cooperative, whether it’s by voting and attending a Board meeting or participating in one of our community outreach or educational programs.
Cooperatives such as Pedernales Electric are rooted in the Cooperative Principles first established by the Rochdale Society of Equitable Pioneers in 1844. As one of more than 900 members of the National Rural Electric Cooperative Association PEC is guided by these seven principles.
The Cooperative Principles
Voluntary & Open Membership
Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership.
Democratic Member Control
Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions.
Members’ Economic Participation
Members contribute equitably to, and democratically control, the capital of their cooperative.
Autonomy & Independence
Cooperatives are autonomous, self-help organizations controlled by their members.
Education, Training & 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.
Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together.
Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of their communities.