Did you know that Salem Electric is just one of over 900 electric cooperatives serving 42 million members across 48 states? And that’s only electric co-ops! When you include credit unions, housing, food, health, agricultural co-ops, and more, there are over 40,000 cooperative businesses nationwide.
Cooperatives are unique because they’re locally owned and controlled. This means we don’t have to worry about making big profits for investors. Instead, we focus on keeping rates low, providing high-quality service, and reinvesting any extra funds back into the cooperative and our community. We also return excess margins to our members as capital credits.
The heart of a co-op is you, the members, and we encourage you to get involved. Whether it’s attending board meetings, voting in board elections, or participating in cooperative events, your participation makes us stronger. We’re better together, and we’re grateful for the privilege of serving you!
