Message from the CEO
In September, KCCI and our power supplier, CIPCO, visited our Urbana headquarters to talk about ECI REC’s steadfast commitment to our members. The interview encouraged me to pause and reflect on our role as a local business and how privileged we are to be part of this community.
I like the feeling of walking into my favoritelocally owned shops, restaurants, and stores and knowing their profit, product, and labor are making positive impacts on my community. The spirit of Main Street is embodied in these local businesses, just as it is in East-Central Iowa REC.
Electric cooperatives are as local and community centered as they come. Founded as a way to bring electricity to communities that didn’t interest investorowned utilities, electric cooperatives have been a cornerstone of community and economic development in rural America and beyond for decades.
The feeling I get when I frequent local businesses in our community is the same feeling I get when I walk into work at the Cooperative every day. It is a feeling of pride. I am proud to be part of an organization that serves the community we live in, instead of a group of shareholders who may never set foot in our service territory.
Living on Cooperative lines is more than just knowing there are people out there working to bring you safe, reliable, and affordable electric service. Living on Cooperative lines is an investment in our community and its members.
You see, ECI REC is a not-forprofit business. When we make more money than we need to keep the lights on safely, affordably, and reliably, we return it back to our members in the form of patronage dividends. This means after all Cooperative expenses are paid, any additional money we earn goes back into our community instead of going into a shareholder’s pocket, which is pretty great!
And because we are owned by you, our members, we have a vested interest in making sure our community is prosperous. We do this by investing in economic development and community service projects and programs such as RECare, our revolving loan fund, and the Electric Cooperative Youth Tour.
I hope you view ECI REC not just as your electric utility provider, but as a local business that brings pride and
prosperity to our community. If you are interested in learning more about how we keep the lights on, please stop by the Cooperative or give us a call. We love being part of this community, and we hope you feel the same way!