Members are the Cooperative
As a member you are part owner of South Central Electric Association. The area served by South Central Electric has seven directors elected by the membership at the Annual Meeting. Directors serve a three year term.
The Board of Directors meet monthly to conduct the business of the Cooperative. They hire the General Manager who hires the Cooperative employees and manages the daily affairs of the Cooperative.
South Central Electric Association is a cooperative business; therefore, we credit any money the members pay over and above actual operating expense to each member’s Capital Credit account. Your share of the Capital Credits for the year depends on the amount you have paid into the Cooperative that year. South Central Electric retains your Capital Credits and uses that money as operating capital.
Each year you will receive a notice showing the amount of your Capital Credits for the past year.