October is Co-op Month
A 50-year tradition continues, as once again, “October is Co-op Month.”
Co-op Month has been a nationally recognized celebration since 1964, when U.S. Secretary of Agriculture Orville Freeman, a former Minnesota governor, proclaimed October is Co-op Month.
In North Dakota, cooperatives – including electric cooperatives, telecommunications cooperatives, credit unions, Farm Credit Services, Farmers Union and other member-owned organizations – are calling attention to the achievements and continued importance of the cooperative way of conducting business. Some of the many benefits include:
- The consumers are member-owners;
- Cooperatives are governed by a member-elected board of directors;
- Cooperatives are not-for-profit entities that return profits back to their member-owners as the financial condition of the cooperative permits, and as bylaw provisions are met;
- Cooperatives are committed to community and enhancing the quality of life in the areas in which they serve.
In addition, the U.S. cooperative business sector is generating about $650 billion in annual sales and accounts for more than 2 million jobs. In North Dakota, the latest economic impact study conducted by the Quentin Burdick Center for Cooperatives showed the cooperative business sector was responsible for about $6.5 billion in economic activity.
Capital Electric is proud to be a part of more than 740 Touchstone Energy® Cooperatives in 47 states that deliver energy and energy solutions to millions of customers nationwide. Within North Dakota, Capital Electric is one of 16 distribution cooperatives that serve 250,000 North Dakotans through 178,000 meters. With headquarters in Bismarck and a service center in Wing, Capital Electric provides electric service to around 15,900 members and 18,800 meters.
Please join Capital Electric Cooperative in celebrating, “October is Cooperative Month!”