What is a Cooperative

A cooperative is defined as: 

adjective
involving mutual assistance in working toward a common goal.
“every member has clearly defined tasks in a cooperative enterprise” 

noun
a farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits.

An electric cooperative is a utility provider that is owned by the members it serves. Its “margin over cost” is either put back to run the business efficiently, or is returned to its members.

A co-op like Mid-South Synergy exists solely to provide high-quality service at the lowest possible price for its members.

Every cooperative is guided by a set of seven principles that reinforces its commitment to serve its members.

seven-cooperative-principles