A variety of industries employ the co-op model, including credit unions, dairy operations, health care, child care, agriculture, housing and electricity. The unifying values that each of these businesses share can be summed up in the seven cooperative principles: voluntary and open membership; democratic member control; members’ economic participation; autonomy and independence; education, training and information; cooperation among cooperatives; and concern for community.
This year, several co-ops are taking their celebration to social media with the #CoopMonth hashtag. Some are offering deals, highlighting accomplishments and putting out the call for community involvement. While co-op month is technically over at the end of October, the positive community involvement promoted by co-ops lasts all year long.
Observed every October since 1930, co-op month is a time to celebrate the power of working together. With more than 900 electric cooperatives, public utility districts and public power districts serving 42 million people in 47 states, the electric power industry has a lot to celebrate.