Umatilla Elec Coop Association

By: Bubbajunk.com

Umatilla Electric Cooperative (UEC) was established in June 18, 1937, to get the growing need for rural electricity in this area. Members were solicited and a Board of Directors was elected. The company goal and objective is to provide electric service to the rural areas within UEC's designated franchise area at the lowest possible cost.
Exhausted of not having central station electric power available, rural residents started, with the help of the REA, forming regional rural electric cooperatives all across the nation.
 
UEC applied for a $129,000 loan from REA to cover costs of engineering and construction of the initial phase of the UEC system. The interest rates for all power equipment were a mere 2 percent until 1973, when the Rural Electrification Administration increased the rate to 5 percent. Presently, UEC typically borrows money from the Rural Utility Service (RUS), at market rates. The REA was renamed to RUS in order to offer a broader range of financial services.
 
The company was and is a local, consumer owned electric cooperative, operated exclusively to serve its members. It is a nonprofit corporation owned by the members it serves and they have 7 directors live throughout the service area of UEC and are selected by about 8,697 UEC members. (UEC serves more than 14,497 meters.) Directors establish policies through which electric service is provided, meeting monthly to review the business relationships of the corporation.
 
Umatilla Electric Cooperative has taken a leadership role in the Economic Development efforts in Eastern Oregon. The company works closely with Economic Development professionals in Umatilla, Morrow and Union counties and local and state government agencies to provide an instrument for business locations, expansions and business retention that support their community.
 
Umatilla Electric Cooperative provides a large portion of the Columbia Basin and Blue Mountain country of Northeastern Oregon. The cooperative's area is located west of Boardman in Morrow County and covers much of Umatilla County close the cities of Hermiston and Pendleton and into the Blue Mountains.
 
The company goal and objective is to bring the Hispanic and Latino community together and give options in creating new business and increasing existing ones. Executive Director of GEDOC. They recognize that the Hispanic entrepreneur is vital to the Oregon economy.