Once a consumer pays the $5 membership fee, they become a part owner of the cooperative. They have a voice in how the cooperative is operated and influence this process through casting their vote at the annual meeting.
The bylaws of all cooperatives require that they hold an annual meeting of members once a year. RECC’s annual meeting is held in June, with the 2013 meeting scheduled for June 13 at Glenwood Elementary School in Chatham. At this meeting three members are elected to the board of directors by the membership of the cooperative. Directors are elected to three year terms on the nine-member board. They set the policies and general direction that will be followed by the co-op’s management and staff.
The annual meeting is also an opportunity for members to hear about their cooperative’s financial condition, business programs and plans for the future. Members can visit with their directors and employees and ask any questions they may have about the business or energy issues. RECC serves an evening meal for all attending members and provides displays to help members learn about safe and efficient electric use.
Annual meetings are a tradition at electric cooperatives that celebrate our unique business model, bringing together the customers who are also owners to discuss how the co-op is working to serve their needs.