Capital credit checks coming to a mailbox near you this month

Posted on Apr 24 2018 in Steuben County REMC

Members, were you a part of our cooperative during the years of 2004-2006? If so, be on the lookout for your capital credit check coming this spring. The board has allocated over $197,750 to be returned to our members receiving service from 2004-2006 as part of the retirement from our generation and transmission facility, Wabash Valley Power.

Each member receiving service at that time will receive their payout in full for the remainder of 2004, all of 2005 and a portion of 2006. This does not include the cooperative’s capital credit allocation, which will be retired at a later date. 

If checks are received for members no longer living, please have the legal heir of the estate contact our office to have paperwork reissued in their name. 

Capital credits are just one benefit of your membership in an electric cooperative. As a not-for-profit, whenever the cooperative has margins that exceed operating expenses, those margins are returned to the membership receiving service in those years. Instead of the traditional business model in which stockholders and corporate bigwigs benefit from business profits, it is you, the member-owner, who benefits from being a part of our business. We are proud to be able to return these funds to our dedicated members.