International Year of Co-operatives
Last year, the U.S. Senate―building off similar action by the United Nations General Assembly―designated 2012 as International Year of Cooperatives. As a result, cooperatives everywhere are celebrating our unique not-for-profit, member-owned and -controlled business model.
If you’ve read The Tennessee Magazine, then you know Southwest Tennessee Electric is an electric cooperative—as a result, you and everyone else who receives electric service from us is a member, not a customer. Because you and your fellow members govern how STEMC operates, our top priority remains providing safe and reliable service and keeping your electric bills affordable. Local control also means we’re in the business of improving the quality of life in the communities we serve, from offering college scholarships to advice on how you can make your home or business more energy efficient.
Electric co-ops are just one type of cooperative operating in America. Dairy cooperatives produce nearly 90 percent of our nations’ milk. Credit unions? They’re cooperatives, too, with more than 8,000 across the country serving 91 million consumers. You can also find housing, hardware, and even funeral co-ops throughout the U.S.
Some agricultural marketing cooperatives have become household names: Sunkist, Ocean Spray, and Blue Diamond Almonds for example. But we have other cooperatives right here in our town. The local farmer’s co-op is also a cooperative that many of our members rely on for their farming supplies.
Together, all of us are a key part of our local economy. We provide good jobs to folks who live right here―your neighbors and friends. We deliver goods and services that keep our communities humming. We’re happy to lend a hand when we’re able, and we enjoy being involved with schools and community organizations.
In this month’s issue of The Tennessee Magazine, you can read about a number of ways that STEMC works to improve the communities in our service area. Our FLEXPAY program provides options and information to help our members control their energy costs. You can also read about the Washington Youth Tour and our other school programs that are designed to prepare students to be tomorrow’s leaders.
While not a new concept― Benjamin Franklin started the first cooperative, the Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, in 1752 (it still operates today!)―the cooperative form of business continues as an integral part of our lives each day.















