Rural Electric Coop, Inc
P.O. Box 609, Lindsay, Oklahoma, United States | Electric Power
Rural Electric Cooperative was formed in 1938 by rural residents, REC continues to be member-owned and governed. Fewer than 100 members began receiving electric power when lines were first energized. Today REC has over 2,900 miles of distribution lines serving power to more than 11,000 meters. The service area includes parts of Garvin, Grady, McClain, Stephens, Carter and Comanche counties in south central Oklahoma. REC is governed by a nine-member Board of Trustees, all of whom are members of the Cooperative. With its 52 employees, REC is dedicated to providing dependable electric power and services and programs to enhance the quality of life in rural areas.
The Seven 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, 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.
Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.
Company Details | |
---|---|
Company Name | Rural Electric Coop, Inc |
Business Category | Electric Power |
Address | P.O. Box 609 Lindsay Oklahoma United States ZIP: 73052 |
President | Gary Jones |
Year Established | 1938 |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
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