Craighead Electric Cooperative
4314 Stadium Blvd, Jonesboro, Arkansas, United States | Electric Power
Craighead Electric Cooperative is proud to service over 30,000 members in seven northeast Arkansas Counties. As a distribution cooperative, Craighead Electric Cooperative is a member-owned not-for-profit electric company, which purchases electric power at wholesale and distributes it to members within its service territory. Its profit or margins are put back into the cooperative to help run the business efficiently or are returned to the member-owners through Capital Credits. A cooperative exists to provide high quality service at the lowest possible price.
Finally, rural areas were no longer at the mercy of power companies whose primary interests were in the more densely populated areas of the state. The Rural Electrification Administration better known as, REA, was created during the administration of President Franklin D. Roosevelt in 1936. This program was designed to lend money to provide rural customers with electricity. This had a great impact on farmers and families working and living on county roads that other power companies would not provide service too. Along with money lent by the REA program went months and months of hard work from dedicated people to begin what is now known as Craighead Electric Cooperative.
Craighead County Agricultural Extension Agent A.R. Sullivant set up meetings of agricultural and community leaders to survey how many farmers in the county wanted electricity. Interest soon grew to other counties as well as, Craighead, Greene, Poinsett, to name a few. To apply for loans from REA, a corporation needed 612 members and each member would be asked to put up a $5 membership fee, this was a requirement by REA. A membership drive soon began. Many farmers would drive for miles to visit with potential customers asking them if they would like electricity. Few farmers knew nothing about electricity. Most had never used it. It was difficult to convince some of them that they should put up a $5 membership in an electric coop. Some farmers did not have $5 but they wanted electricity, so instead they gave chickens, eggs and other farm produce for their membership. Soon the requirements were met with REA and Craighead Electric Cooperative became a Corporation on August 13, 1937. When Craighead Electric was approved by the REA, it became the second electric cooperative in Arkansas.
The first board meeting was held in the basement of the Jonesboro Post Office. After hiring an engineering firm, the cooperative would build 192 miles of power line in three counties. After obtaining an office space for the cooperative and hiring personnel and staff, plans were made to begin staking right of way and setting poles and power lines for service. On November 28, 1938 about 75 miles of line in the Valley View area, south of Jonesboro were energized. There was no ceremony to herald the coming of electricity to rural Craighead County. No big gathering. No speeches. Instead, a lineman climbed a cooperative pole near the meter point and closed a switch. No one even remembers who the lineman was. At the end of 1938, Craighead Electric had 170 miles of line energized with 712 members using an average of 27 kwh monthly. Each year that followed, those numbers increased and by the year 1950 there were 15, 571 members using 81 kwh monthly and 3, 671 miles of line. In 1940 Craighead Electric had approximately 20 employees, today 100 employees make up the payroll. By 1970, Craighead Electric had 15 substations, currently there are 21.
Today, Craighead Electric Cooperative serves more than 29,000 member accounts throughout parts of seven northeast Arkansas counties and maintains over 4700 miles of line and the average household kwh usage is 1300. Craighead Electric is headquartered in Jonesboro and operates two full service district offices located in Paragould and Walnut Ridge.
Along with providing electricity to our members, we provide other services such as, energy audits and heating and cooling analysis on member’s residences and businesses. Twice a year an energy efficiency seminar is held to inform members how to build or make there homes more energy efficient. Members receive the monthly Rural Arkansas Magazine which keeps them up to date on any activities and programs available through there cooperative.
Everyday, Craighead Electric Cooperative signs up new members, each is required to pay a membership just as they did in 1937. Since the beginning, Craighead Electric Cooperative is a not-for-profit corporation and is only in business to provide a reliable and low-cost source of electricity to our membership.
SEVEN COOPERATIVE PRINCIPLES
What are co-ops?
Cooperatives are owned by their members—the people who receive services from them—and are found in many industries. For example, more than 900 electric co-ops serve 42 million Americans. According to the National Cooperative Grocers Association, 30 percent of farmers’ products are marketed through more than 3,000 farmer-owned cooperatives in America. Familiar brands like SunKist, Land O’Lakes, Cabot Creamery, Ocean Spray, and Sun-Maid are all co-ops formed to help farmers distribute products.
In banking, 10,000 credit unions provide financial services to 84 million members across the nation. Co-ops have also been formed to provide child care, insurance, and housing. Nearly 30,000 cooperatives operate at 73,000 locations nationally.
Guiding Principles
The cooperative movement traces its roots to a store started by weavers in the town of Rochdale, England in 1844. The Rochdale model revolved around a set of guidelines drawn up by one of its members, Charles Howarth. When introduced into the U.S. by the National Grange in 1874, these “Rochdale Principles” fueled a cooperative explosion.
Although stated in many ways, the Rochdale Principles hold that a cooperative must provide:
Voluntary and Open MembershipCooperatives 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 | |
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Company Name | Craighead Electric Cooperative |
Business Category | Electric Power |
Address | 4314 Stadium Blvd Jonesboro Arkansas United States ZIP: 72403-7503 |
President | Brian Duncan |
Year Established | 1937 |
Employees | 200 |
Memberships | NA |
Hours of Operation | Monday-Friday: 8AM–5PM |
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