Skip to main content
Click here to access the SmartHub Login. SmartHub Login
Pay Now Login
Click here to report an outage. Report Outage
Home
Menu

Latest

  • Please call us at 806-983-2814 to report an outage. 

  • High school seniors, now is the time to apply for some extra cash for college! Check out our Scholarships tab for more info. 

  • Our Annual Meeting will be held April 25, 2024.

  • Our district meeting will be held March 28, 2024. 

 1 / 4 
  • Home
  • About Us
    • About Lighthouse Electric
    • About Touchstone Energy
    • Board of Directors
    • Cooperative Meetings
    • The Seven Cooperative Principles
    • What is a Co-op?
  • Member Services
    • Ag/Timber Registration
    • All the Ways to Pay
    • Capital Credits
    • Electric Vehicles
    • Local Economic Development
    • Newsletter
    • Residential Solar
    • Scholarships
    • Show It And Save!
    • Texas Co-op Power
    • Together We Save
    • TWN Communications
  • Outage Tools
    • Outage Information
  • Safety
    • Dial 811 Before You Dig
    • Electrical Safety Checklist
    • General Safety
    • Help Keep Our Crews Safe
    • Power Restoration
    • Storm Center
  • Contact Us
    • Contact Us
    • Office Locations

The Seven Cooperative Principles

You are here

  1. About Us
  2. The Seven Cooperative Principles

 

 

The Seven Cooperative Principles

The Seven Cooperative Principles

Voluntary and Open Membership

Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.

Democratic Member Control

Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. The elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote) and cooperatives at other levels are organized in a democratic manner.

Members’ Economic Participation

Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing the cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.

Autonomy and Independence

Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.

Education, Training, and Information

Cooperatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives. They inform the general public, particularly young people and opinion leaders, about the nature and benefits of cooperation.

Cooperation Among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

Concern for Community

While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.

Back to Top

Quick Links

  • Contact Us
  • News
  • Legal Info
  • Privacy Policy

Contact Info

Lighthouse Electric Cooperative
703 A Hwy 70 E, Floydada, TX 79235

Phone: (806) 983-2814

Our Mission

Empowering our Members by providing the safest, most reliable, and affordable energy solutions that safe practices and informed planning allow. 

Follow Us Online

©2025 Lighthouse Electric Cooperative. Lighthouse on the Plains.

  • Home
  • About Us
    • About Lighthouse Electric
    • About Touchstone Energy
    • Board of Directors
    • Cooperative Meetings
    • The Seven Cooperative Principles
    • What is a Co-op?
  • Member Services
    • Ag/Timber Registration
    • All the Ways to Pay
    • Capital Credits
    • Electric Vehicles
    • Local Economic Development
    • Newsletter
    • Residential Solar
    • Scholarships
    • Show It And Save!
    • Texas Co-op Power
    • Together We Save
    • TWN Communications
  • Outage Tools
    • Outage Information
  • Safety
    • Dial 811 Before You Dig
    • Electrical Safety Checklist
    • General Safety
    • Help Keep Our Crews Safe
    • Power Restoration
    • Storm Center
  • Contact Us
    • Contact Us
    • Office Locations