What do Ace Hardware, REI, and Salem Electric have in common? We are owned by the people we serve! These are just three examples of the more than 40,000 cooperatives throughout the United States. Co-ops come in all shapes and sizes and include many local businesses you already know, like credit unions, mutual insurance companies, and our favorite—utilities.
The cooperative business model offers a unique opportunity for utility customers. Electric cooperatives like Salem Electric are private, not-for-profit businesses owned and governed by the members they serve. Electric cooperatives account for 42% of the United States’ electric distribution, covering 56% of the nation’s land mass.
At the end of the day, it’s all about our members. As a locally owned and governed business, we serve our neighbors, family, and friends. Our members have a voice in how the co-op is run, and we make sustainable investments in the community we share. Thank you for allowing us to serve you.