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The Co-op Advantage

What makes a rural electric cooperative unique?

YOU are a member-owner of Clarke Electric Cooperative, which is owned by the people it serves.  We exist to provide reliable electric service to our members at cost.

YOU share in the ownership and governance of the Cooperative.

YOU have a voice.  Your Cooperative is democratically organized, owned, and governed by you.  You are invited to attend the Cooperative's annual meeting held every year on or around the 10th of September.  Look for more information in the monthly Closed Circuit newsletter or online for more annual meeting details.

YOU receive a patronage dividend check.  Each year the board of directors review the financial position and determine whether or not to pay member-owner dividends.  The equity of an energy cooperative is owned entirely by the members of the cooperative. 

Member-owners contribute to the equity by paying their bills and generating margins (money left over after expenses are paid) each year.  Annually these margins are allocated to each member-owner based on the amount of energy purchased from the cooperative.  The equity is returned to member-owners over time through payment of member dividends (also called patronage dividends or capital credits).

 

 

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