Ownership has its privileges. Tri-County Electric Cooperative returns cash to its members.
Notice of Unclaimed Capital Credits
Tri-County Electric Cooperative has unclaimed capital credits for the following persons. This list identifies the names and last known address of former members who have unclaimed capital credits.
If your name appears on the list, please contact the office. If you recognize a name and know where that person is, please have him or her contact our office.
In order to claim the capital credits, the individual will need to provide identification and proof they are the member who owned the account with the unclaimed capital credit. In order to claim the capital credits for a deceased person, the cooperative will need a copy of his or her Death Certificate and a copy of the Certificate of Appointment from the Judge of Probate or you may obtain a Capital Credit Affidavit at one of our offices.
In order to claim funds, please contact us by e-mail at email@example.com or by calling the cooperative’s office between 8:00am and 5:00pm weekdays at 877-874-1215. Please reference your call as concerning unclaimed capital credits.
Capital Credits Search
Capital Credits are the only form of equity a consumer-owned utility has. Each year, all revenue over and above expenses is assigned by the cooperative to each member’s Capital Credits account. The amount of your Capital Credits is determined by your yearly payments for electricity.
The revenue that eventually becomes Capital Credits is accumulated and used for system maintenance. This helps to keep rates competitive by reducing the amount of funds that have to be borrowed by your cooperative.
The Capital Credits that are assigned to each member’s account are returned periodically to the members. This means you are a member-owner of a not-for-profit business. Ownership has its privileges.
Whenever TCEC’s finances permit, we return Capital Credits to our members. The decision is made by our Board of Trustees after a thorough examination of the co-op’s financial position. The co-op has returned Capital Credits to our members annually since 1976.
Every year, you will receive a Capital Credits statement. The amount of Capital Credits on this statement is determined by the total revenue over expenses for the cooperative and your total billings for the year.
These Capital Credit refunds illustrate and emphasize one of the major differences between a member-owned cooperative and an investor-owned power company or municipality.
If you move, be sure to leave your forwarding address with us so we can send your Capital Credits check to you. You do not normally have to report your Capital Credits payment on your income tax. However, if you have any questions concerning tax liability, consult your tax preparer.
As a member of TCEC, you are one of its member-owners. You elect the co-op’s Board of Trustees, and this gives you an equal voice in the way your co-op is managed.
Capital Credits are a privilege of membership. If You Have Any Questions Concerning Capital Credits, please contact us.