PRINT THIS WINDOW
CLOSE THIS WINDOW

Capital credit statements should arrive in the mail soon for member/owners of Farmers’ Electric Cooperative. At the end of each calendar year, our profits, or margins, are assigned to each member-owner. the capital credit amount is based on the individual member’s usage for the year.

The money is set up in a separate capital credit account for each member. The money does not earn interest or dividends, but is instead used as a means for the cooperative to continue to operate. Each year FEC’s board of directors reviews the financial condition of the cooperative to determine what amount, if any, of the outstanding capital credits can be returned to its members.

Last year, FEC issued $422,305 in capital credits. Overall, a total of $13,330,653 has been returned to the member-owners of FEC. The board of directors will make the decision as to whether or not to issue capital credits in the fall.

Please note that the amount listed on the notice SHOULD NOT be deducted from your electric bill. Also, this is not an additional bill for you to pay. This is a simple means of communication with you, our member-owner, to inform you of the capital credits that have been set aside in your name. The money will be refunded to you upon approval of the cooperative’s board of directors.

Capital credits are a great example of one of the many benefits of being part of a rural electric cooperative.

PRINT THIS WINDOW
CLOSE THIS WINDOW