In 1994, REA Energy Cooperative, Inc., implemented Operation Round Up® — a way
for members to easily
contribute to the cooperative’s Members Sharing With Members Fund. The fund
helps fellow members who have fallen on hard times and require assistance paying
their electric bills.
By simply indicating on the space provided at the bottom of your monthly bill
stub, you can round up your payment to the next whole dollar amount. For
example, if your monthly bill is $75.46, you can round up and pay $76. The extra
54 cents goes directly to the Members Sharing With Members Fund. (None of your
regular bill payment is applied to this fund.)
These few pennies donated each month, an average of $6 annually per
participating family, can make a big difference. Since 1989, the Members Sharing
With Members Fund has been providing financial assistance of up to $100 to
cooperative members facing an unexpected loss of income due to illness, family
emergency, or other situation that limits their ability to pay their electric
bills. To qualify for assistance, members are required to fill out an
application and must have made on-time payments the prior three consecutive
months to applying.
Since 1989, approximately $110,000 has been used to credit the electric bills of
over 1,300 unfortunate members. These funds have greatly limited defaults, which
helps REA Energy better serve all members.
Of course, any amount of money can be contributed to the Members Sharing With
Members Fund, if desired.
Those who participate in Operation Round Up® are automatically entered to win
$100, with the drawing held at the REA Energy Annual Meeting in October. Best of
all, for every month that you contribute, you will receive one chance to win!
Below are a few comments made by members helped by Operation Round Up®: