As a nonprofit electric cooperative, Western Cooperative Electric Association, Inc., allocates our annual operating margins, or profits, to members receiving service during the year. These margins (revenue in excess of expenses) are allocated using a proportional ratio (using the dollar amount of electric service that each member purchases in a year compared to the total electric service purchased by all members) and are called capital credits. They are used by Western Cooperative for operating funds and paid back to our members as the financial condition of the cooperative permits and as bylaw provisions are met.
If you cease to purchase energy from Western Cooperative Electric Association, Inc., please keep us informed of your address in future years. This will enable us to forward payment when the capital credits are refunded for the year or years of your membership.
NOTE: We are currently searching for a number of members that had service with us for whom we attempted to send capital credit checks to but which were returned as undeliverable.
Your Capital Credit Allocation Statement (JPG) that arrives in the mail during the June/July timeframe is not a bill. You do not owe those amounts.
These amounts are NOT now payable and do not represent cash, but rather your equity in Western Cooperative Electric Association, Inc.
You cannot apply these amounts to your electric bill.