Decatur County Rural Electric Membership Corporation

Overview

Decatur County Rural Electric Membership Corporation (Decatur County REMC) is a member-owned electric cooperative and a nonprofit organization located in Indiana. It operates under the classification of a 501(c)(12) organization, which includes benevolent life insurance associations, irrigation companies, telephone companies, and similar entities with a mutually beneficial nature[2].

History

Founded in 1938, Decatur County REMC has been serving its community for over 85 years. It is headquartered in Greensburg, Indiana, and operates in a region that includes parts of Bartholomew, Decatur, Franklin, Jennings, Ripley, and Rush counties[1][3].

Operations and Principles

Decatur County REMC adheres to the 7 Cooperative Principles, which guide its operations:

• Voluntary & Open Membership: The cooperative is open to all individuals who can use its services, without discrimination based on gender, race, social status, politics, or religion[1].
• Democratic Member Control: Members have equal voting rights and participate actively in setting policies and making decisions[1].
• Members’ Economic Participation: Members contribute equitably to the cooperative's capital and democratically control it[1].
• Autonomy & Independence: Decatur County REMC operates autonomously but may collaborate with other organizations while maintaining democratic control[1].
• Education, Training, & Information: It offers education and training to members and promotes cooperation among the community[1].
• Cooperative Among Cooperatives: The organization collaborates with other cooperatives to enhance effectiveness[1].
• Concern for Community: Prioritizes member needs and supports sustainable community development[1].

Financials

Decatur County REMC's primary revenue comes from program services, with a majority of its income deriving from electricity distribution to its members. It also generates revenue from investment income, rental properties, and other sources. The organization does not receive contributions, as is common for entities of this type[2].

In recent financial reports, the cooperative has reported significant assets and liabilities, reflecting its substantial operational scale. Executive compensation and salaries for other employees form part of its expenses[2].

Community Involvement

Decatur County REMC is deeply involved in its community, aiming to provide safe, reliable, and affordable electricity services. It emphasizes community engagement and has given back substantial amounts to the local community through various initiatives[3].

Membership and Service

As of recent updates, Decatur County REMC serves over 6,500 members and manages over 1,060 miles of line. Its commitment to delivering friendly and top-notch service reflects its role as a community-oriented organization rather than merely a utility provider[1][3].