Annual Meeting of the Members
Each year, Central Electric holds the Annual Meeting of the Members on the first Friday in October. In case you’ve never been, the Annual Meeting is where members learn about the cooperative's business from the previous year. Each member in attendance gets a complete update on how their money was spent.
Members also have the opportunity to vote on the Central Electric Board of Directors, which is an important part of the cooperative business model. Cooperatives are guided by seven key principles, one of those being Democratic Member Control. Cooperatives are not-for-profit, democratic organizations controlled by their members. The members actively participate in setting policies and making decisions through election of member representatives who sit on the Board of Directors. The Board represents the membership by directing and working closely with the staff of the cooperative to guide the business decisions of the co-op.
This year, the Annual Meeting will be held on Friday, Oct. 2 at the Dennis A. Wicker Civic Center in Sanford. Once you register, food and musical entertainment will be available prior to the meeting and you will also be entered into a drawing for several cash prizes and many other great door prizes, including new electronics, at the conclusion of the meeting. A $2,000 scholarship will also be provided by random drawing to a local student attending a two or four-year post-secondary school; see below for more details.
A registration card will be mailed to you with your September issue of Carolina Country, along with the Annual Report that provides details on the business of the co-op over the past year. We hope you will be an active participant in YOUR cooperative and we hope to see you in October!
Annual Meeting Scholarship
Central Electric is committed to supporting our communities, which is why the co-op has a variety of programs that aim to develop and support our local youth. As part of the Annual Meeting of the Members, Central Electric is awarding a $2,000 scholarship to a student who is a Central Electric member or a child of a member. The scholarship will be awarded through a random drawing at the conclusion of the Annual Meeting on Oct. 2. The deadline to submit an entry for the drawing is Sept. 18.
To apply for entry into the drawing, the student must meet the following eligibility requirements:
- Graduated high school in 2020.
- Attending a two-year or four-year post-secondary educational institution full-time during the 2020-21 academic year.
- Applicant must be a Central Electric member or a child of a member.
- Student and/or legal guardian must be present at the Central Electric Annual Meeting on Oct. 2, 2020 to accept the scholarship if randomly drawn. Business meeting starts at 7 p.m. and the award will be given at the end of the meeting.
- Student must have at least a 3.0 GPA; copy of high school transcript must be submitted with scholarship application.