Cooperatives are businesses, but they’re not in it for the money. Because they are not-for-profits, cooperatives don’t operate to make shareholders richer. When cooperatives make more money than they spend, and when they’re in a good place financially, that extra money (called “margins”) goes right back into members’ pockets. At Cherryland, we try our hardest every year to keep our costs down and to pass those cost savings on to you in the form of lower rates and better margins.
In 1938, three Grand Traverse men were on a mission.
President Roosevelt had just promised to bring electricity to farmers and others living in rural areas, and Max Goin, Frank Burkhart and Eino Lehto were committed to making it happen in northern Michigan.
So they spent a year gathering the information they needed, formed a co-op and submitted a loan application to build a substation and 300 miles of line.
The first lines were energized on May 25, 1939, and 60 people in rural Grand Traverse could now refrigerate their food and more efficiently do their farm chores. Cherryland was in business.
Today, Cherryland is in six counties—Leelanau, Grand Traverse, Benzie, Kalkaska, Wexford and Manistee—and we have 35,000 members. We’re a community cooperative, and we’re dedicated to serving our members now and in the future.
Join us for this year’s 82nd Annual Meeting from the comfort of your home! In an effort to follow good social distancing practices and help protect co-op members and employees from the coronavirus (COVID-19), the event will consist solely of a virtual business meeting held on June 11 at 5:30 p.m.
We will be broadcasting the business meeting live via the following:
Hear updates about the co-op’s financials, witness the results of the Board of Directors election, and learn more about the co-op you own. As a safety precaution, in-person attendance is prohibited.
This will not have an effect on the Board of Directors election. However, we highly encourage you to consider pre-voting online or by mail between May 1 and June 10. It’s convenient while following good social distancing practices. If you still wish to vote in person on the day of the Annual Meeting, we will be accepting ballots at our Grawn office from 4 p.m. to 5:30 p.m. prior to the business meeting.