The
mid-1930s were hard times. Our country was in the midst of the
worst depression it has ever experienced. President Franklin D.
Roosevelt, in an effort to spur the sluggish economy, presented
a plan to electrify rural America. Investor-owned utilities
balked at his plan, complaining that it would not work. Nine men
gathered at a small gas station in downtown Asheboro to talk
about building an electric cooperative themselves. What an
ambitious project—to provide electricity to rural areas so
that people and their neighbors living in the country could
enjoy a quality of life like those in the cities. As the
talks continued, the men started to put their new venture
together. They realized the necessity of running it as a
cooperative.
Then came the real test. Those nine founders
would have to sign their names on the line and borrow $300,000
to build their new electric cooperative. They all signed
and Randolph EMC became a reality. Today, Randolph EMC has
grown to more than 30,000 consumer-members spread out over
almost 4,000 miles of line in the five counties of Randolph,
Moore, Montgomery, Alamance and Chatham.
So have times really
changed?
Randolph EMC still adheres to many of those same
founding principles from the
1930s.
We are still “owned by those we serve.” Randolph EMC
still
operates on the basic premise of those original directors:“ To
provide electrical power at an affordable cost while maintaining
sound business principles.”
Yes, changes are important
and Randolph EMC is always looking at new and better ways to
serve our members. However, the goals that those original
nine directors envisioned still support the very foundation of
your cooperative. We owe a real debt of thanks to those
founders who had the vision, desire and purpose to form Randolph
EMC. Wouldn’t it be wonderful if they could see their
cooperative today still being run in the same manner as it was
more than 60 years ago?