Currents-Oct. 2018

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Suwannee Valley

WE BELONG TO THOSE WE SERVE Business Office: 800-447-4509 11340 100th Street • Live Oak, FL 32060

currents October 2018

Lobby Hours: 8 a.m.-4:30 p.m., Monday-Friday Drive-thru Kiosk Open 24 Hours

24/7 Power Outage Reporting

800-752-0025

facebook.com/sveccoop

@SVEC_COOP_FL

www.svec-coop.com CEO’S COR NER

Community values Michael S. McWaters Executive V.P./CEO

As you might imagine, electric cooperatives hold a special place in my heart. I’ve given many years of my professional life to serving them because I believe in their mission and their unique capacity to serve rural communities. Cooperatives stand out from other companies because we aren’t concerned with how to best turn a profit. We were built by our members to serve our members. At the end of the day, we make decisions based on what is best for you, not some distant shareholders. October is National Cooperative Month, which gives us the chance to celebrate the network of cooperatives across the country and the work they do to serve their communities. It’s also an opportunity to recognize how Suwannee Valley Electric Cooperative works to improve our members’ lives. You can read more about that in this month’s newsletter. Of course, SVEC isn’t the only organization trying to make the Suwannee Valley a better place to live. This month, we’re also highlighting a local group called Hooked on Heroes, which takes veterans out on the Gulf for a daylong fishing trip, all expenses paid. Much like a cooperative, Hooked on Heroes is an organization of neighbors helping neighbors. They rely entirely on volunteers and donations to give veterans in our own community and beyond a well-deserved getaway. We’re proud to serve members who care so much about helping those around them. Those values are, after all, the heart of the cooperative mission and ones we look forward to living out every day. 

OUR GUIDING PRINCIPLES Cooperatives operate according to a core set of principles for the purpose of improving quality of life for their members. Our mission is not to provide profits to shareholders. Instead, we are committed

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THE FOLLOWING

Cooperative

PRINCIPLES

PROVIDE CLEAR GUIDANCE ON HOW WE ACCOMPLISH OUR MISSION.

1

Voluntary and Open Membership

A cooperative is a voluntary organization, open to all people who can reasonably use its services.

2

Democratic Member Control

A cooperative is a democratic organization guided by leaders who the members elect to represent them when setting policies and making decisions.

3

Members’ Economic Participation

Members contribute to the capital of their cooperative. This capital is used to operate the cooperative, and it benefits the member in proportion to the amount of business they do with the cooperative.

to bringing you the most reliable and affordable service possible. October is National Cooperative Month, honoring the important role cooperatives play in the fabric of our country. 

4

Autonomy and Independence

No matter what agreements cooperatives may enter into with other organizations, its members maintain control and the cooperative remains independent.

5

Education, Training and Information

Cooperatives provide education and training for members, elected representatives, managers and employees so they can contribute effectively to the well-being of their cooperative. They also inform the public about the nature and benefits of cooperation.

6

Cooperation Among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, regional, national and international organizations.

7

Concern for Community

Cooperatives work for the sustainable development of communities through polices and programs supported by the membership.


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