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DREMC and CoBank make donation to library

Wednesday, December 26, 2012

A few years ago Duck River Electric Membership Corporation pledged $5,000 to the Argie Cooper Public Library as the library began its campaign to raise funds to build a new facility. Until recently, that pledge remained just that, a pledge, which would be fulfilled over the course of a few years once the new library project officially began.

However, a new program offered by one of DREMC's financial lenders, CoBank, caught the attention of DREMC CEO Jim Allison. CoBank's "Sharing Success" charitable contribution program was a matching grant offered to qualifying 501(c)3 nonprofit organizations that electric cooperatives throughout the United States supported financially.

Recognizing this was an opportunity to bring additional dollars to our community and specifically to the local library, DREMC went through the process of applying for the matching funds and was subsequently awarded the maximum financial grant of $5,000.

DREMC has been working with the local library to develop a program to increase cooperative education geared toward children. Additional books, periodicals, energy efficiency tools, and electrical safety materials, along with some additional children's seating in a new "Cooperative Kid's Corner", will be added to the existing library.

The new "Cooperative Kid's Corner" items will be purchased in a manner that will make them completely transferable to the new library once it is built.

One of the seven cooperative principles is Concern for Community. Both Duck River Electric and CoBank recognize the important role that libraries play in providing access to information to children, students, adults, and families.

"This combined donation and matching grant totaling $10,000 will help increase awareness of the cooperative business model and the role electric cooperatives play in providing low cost reliable power to many areas throughout rural America, while also helping the library take the next step in building its new facility," stated Jim Allison.

Robert Engel, President & CEO of CoBank added, "Throughout rural America, cooperatives like yours are working not only to provide value to their members but to improve the quality of life in their local communities."

Duck River EMC, a Touchstone Energy® Cooperative, is an electric distribution cooperative serving over 71,000 meters with its headquarters in Shelbyville. For more information please contact Duck River EMC at (931) 684-4621 or visit our website at http://www.dremc.com.