Todd-Wadena Electric Cooperative is owned by those we serve- our members. Cooperatives are not-for-profit businesses organized by and for the members they serve. Cooperatives are based upon principles—seven, to be exact. In a cooperative, every member has a voice and a vote. Todd-Wadena Electric Cooperatives holds a member-owner business meeting annual (usually held in April) allowing member to elect fellow member-owners to guide the cooperative and have a say in how their utility is run. The Cooperative’s Board and staff focus on the local needs of our members and communities.
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.
Democratic Member Control: Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions.
Members’ Economic Participation: Members contribute equitably to, and democratically control, the capital of their cooperative.
Autonomy and Independence: Cooperatives are autonomous, self-help organizations controlled by their members.
Education, Training and Information: Cooperatives provide educational training for their members elected representatives, managers and employees so they can contribute effectively to the development of their cooperative.
Cooperation Among Cooperatives: Cooperatives service their members most effectively and strengthen the cooperative movement by working together.
Concern for Community: While focusing on member needs, cooperatives work for the sustainable development of their communities.
Co-op difference
Cooperatives are democratic organizations controlled by their members. Todd-Wadena Electric Cooperative is governed by a seven-person board of directors. These directors are elected by the membership at the annual meeting each April. Directors, who represent the membership, meet monthly to make decisions concerning the cooperative’s business.
