Cooperatives 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.
Board of Directors
The Cooperative's business and affairs are managed by a board of ten directors who are elected to the board in accordance with the provisions of the bylaws from and by the Cooperative's Members. The Board of Directors is responsible for establishing rules and policies which govern the Cooperative. Each director is elected for a three-year term and may be re-elected for unlimited consecutive terms.
The Board of Directors typically meet on the third Tuesday of every month.
Our Mission:
To exceed our member's expectations of providing safe, reliable, affordable electricity and continue to improve the quality of life of each member through loyal employees, with a focus on service and community.
Commercial
Victoria Electric Cooperative is committed to providing the latest energy technology and safe, reliable and affordable electricity to more than 2,800 businesses in the Crossroads. VEC is just as invested in our communities economic development as we are in the success of your business.
Residential
Victoria Electric Cooperative was founded in 1938 to provide electricity to our members in our community. We are more committed than ever to provide safe, reliable and affordable electricity to our more than 15,000 members.
Member