Being a cooperative member pays off
This October, as we celebrate National Co-op Month, members of our cooperative have extra reason to cheer: capital credit checks are going out. Many of you might wonder, “What exactly is a capital credit?” To put it simply, it’s like a dividend check for long-standing members.
In our cooperative, the profits are called “margins.” We reinvest these margins to help keep our rates low. Once we cover our operational expenses and meet the financial requirements established by our lending institutions, these profits belong to you, our members, and so we return them.
Cooperatives like us are unique because we are owned by the members. There are no separate investors; the investors are you. Our top priority is not to generate profits, but rather to provide you with the best service possible, and your satisfaction is our ultimate goal.
Our cooperative’s goal is to increase the quality of life for our members through reliable electric and broadband services. We’re committed to delivering these services at the most reasonable cost—not necessarily the lowest. Providing value often requires a balance; we might spend a bit more on infrastructure to ensure higher quality or use in-person, locally-based member services, which might cost more but provides far better service.
This local-centric approach extends to our Annual Meeting. Members are our shareholders, making these gatherings critical touchpoints to reaffirm our cooperative’s unique model. Last month, our Annual Meeting was in a new drive-thru format. With the cooperative growing, we explored creative ways to accommodate everyone, and we were thrilled with the turnout.
So, as you receive your capital credit checks or reflect on the drive-thru Annual Meeting, remember: the cooperative difference means we’re working for you. Your involvement doesn’t just empower us—it defines us.
Happy Co-op Month!
Secure the Season | OEC News
Discover essential tips to keep your home safe and warm this winter with Oklahoma Electric Cooperative’s expert advice. From checking carbon monoxide and smoke detectors to practicing kitchen safety, our guide covers crucial aspects of preventing home fires during the colder months. Implement these simple yet effective strategies to protect your home and loved ones, while potentially saving on energy costs. Stay informed and secure with OEC’s comprehensive winter safety checklist.
Danny Drake, Jr. Joins OEC’s Board of Trustees | OEC News
Discover the latest development at Oklahoma Electric Cooperative (OEC) as we welcome Danny Drake, Jr. to our Board of Trustees. With a commitment to excellence and innovation, Danny brings a fresh perspective to our team, serving the communities of Newalla, Pink, Little Axe, and Etowah. Read about his journey, the expertise he adds, and how OEC continues to evolve with dynamic leadership. Stay informed about our cooperative’s future direction and how we are enhancing member services.
Joining the Ranks | OEC News
OEC linemen Ricky Young and Ryan Trowbridge have accomplished a significant milestone by earning their Journeyman Power Lineman certificates. This article delves into their rigorous journey of years of classroom work and on-the-job training, highlighting the dedication and commitment required for such an achievement. Discover how their efforts contribute to safer, more reliable service for OEC members, and join us in celebrating their success in reaching journeyman status.
From the Top — December 2023 | OEC News
Discover the heart of our cooperative in this enlightening December issue, where we pay tribute to the dedicated teams driving our success. Learn about the unique talents and unwavering passion of our staff that enhance our operations and strengthen our community bonds. Celebrate with us as we highlight the family-like atmosphere that thrives during the holidays and join our cooperative in various community events. It’s more than just a cooperative; it’s a community celebration.