Firelands Electric operates in accordance with these seven Cooperative Principles:
- Voluntary And Open Membership
Cooperatives are open to all persons able to use their services and willing to accept the responsibilities of membership.
- Democratic Member Control
Cooperatives are controlled by their members, who actively participate in setting policies and making decisions. Members have equal voting rights – one member, one vote.
- Members' Economic Participation
Members contribute equally to the capital of their cooperative. Surpluses are allocated to the benefit of members in proportion to their transactions with the cooperative.
- Autonomy And Independence
Cooperatives are autonomous, self-help organizations controlled by their members.
- Education, Training and Information
Cooperatives provide education and training to their members, and inform the general public about the nature and benefits of cooperation.
- Cooperation Among Cooperatives
Cooperatives serve their members most effectively by working together through local, national, regional and international structures.
- Concern For Community
Cooperatives work for the sustainable development of their communities through policies accepted by their members.
Firelands Electric operates in accordance with seven cooperative principles. If you would like to obtain additional information regarding how your cooperative is operated, contact us here or call 1-800-533-8658.