Missouri Rural Electric Cooperative’s 83rd annual meeting was held Aug. 24, in the Palmyra High School gymnasium.
Approximately 449 people were in attendance, with a total of 297 members being registered to conduct the business of the cooperative.
David Wright, president, welcomed everyone to the Annual Meeting and thanked them for attending.
Joseph Swisher, vice president, offered the invocation, then the Pledge of Allegiance was recited in unison.
Wright listed the cost of various items when the cooperative began in 1936 which has changed a great deal compared to today, but the role of the board of directors has not changed.
Wright said the directors continue to offer leadership to provide safe, reliable, and affordable electricity while thinking about our members.
The chairman noted how important transparency is and feels MREC is a great cooperative because they have great employees and great managers now and in the past. He thanked the members for attending our business meeting in order to keep informed about their electric cooperative.
Richard Disselhorst, treasurer, reviewed the highlights of financial data that were printed in the program. He noted that $19.4 million had been returned to the member-owners in the form of capital credits during the past 57 years.
See more in this week's Palmyra Spectator.