Member Owned & Operated
As a member-owned and operated cooperative, 1 of the principles we follow is a commitment to returning part of your investment.
Patronage, or capital credits, represents margins credited to members of a cooperative based on their purchases. Each year, our Board of Directors reviews margins and may set aside and allocate excess funds.
Allocations are returned to members in the form of capital credit retirements. These are returned at a future date, if or when approved by the board of directors.
The amount a member earns is based on the total dollar billing for that year. The sum of the member's bills for the year is multiplied by a percentage to determine the allocation.
No. These funds are not available to you until a future date.
If you move or no longer receive our electric services, it is important to keep your address current with the co-op, so future capital credit retirements can be mailed to your current address.