October is National Cooperative Month
Broad River Electric is celebrating National Cooperative Month in October, along with 40,000 other cooperative businesses serving more than 120 million people nationwide. “Cooperatives Commit” is the theme of this year’s celebration, when cooperatives across the nation engage in efforts to make more people aware of the advantages of the cooperative business model.
As member-owned and member-controlled businesses, cooperatives commit to meeting the needs of their members and communities, rather than generating returns for distant investors.
Cooperatives Commit to Community
The seventh cooperative principle is Concern for Community. Cooperatives work for the sustainable development of their communities through employee involvement in local organizations, through charitable contributions to community efforts and through support for schools.
Cooperatives Commit to Jobs
Cooperatives generate jobs in their communities, keep profits local and pay local taxes to help support community services. Cooperatives often take part in community improvement programs, ensuring that everyone has an opportunity to benefit from the cooperative experience.
Cooperatives Commit to Trust
Most co-ops strive to adhere to seven key cooperative principles, which combine to help build trust between the co-op, its members and the community. For example, the first principle is Voluntary and Open Membership, which means that we are a voluntary organization open to all people to use our services and willing to accept the responsibility of membership. The second principle, Democratic Member Control, gives members a voice in the cooperative’s policies and decisions. Through the fifth principle, Education, Training and Information, we enable members to contribute to the development of our cooperative.
Cooperatives Commit to a Better World
Through all of the above ways, cooperatives build a better world.