Tri-County Electric Cooperative is a not-for-profit electric provider. Capital Credits are just one benefit of cooperative membership. Each year, the Board of Directors will allocate margins for the fiscal year and evaluate the financial status to consider if a a retirement retire margins to the membership.
Each year, the Board of Directors will allocate net margins, any funds remaining after all expenses are paid for the year, to the membership based on the fiscal year. Allocation is based on pro rata electric sales to each active member-owner during the calendar year over the total sales for the same period.
Each year, the Board of Directors will also evaluate the financial health of the cooperative to determine if a capital retirement is viable. When patronage is retired, members can expect returns by bill credit or check.
Tri-County Electric Cooperative retires Capital Credits on a first in, first out basis. This means patronage from our early years are retired back to the membership first. We have returned patronage in the form of Capital Credits to active and former member-owners who received service through the year 2002.
In July 2022, the board of directors retired $4.996 million in capital credits to members who received electric service in 2022 and/or 2003.