Capital Credits
Scenic Rivers Energy Cooperative is operated on a not-for-profit basis. We are not motivated by the potential for profits. The price to obtain services and products from the cooperative are cost based and are kept as low as possible.
In order to be fiscally responsible in operation, the cooperative needs working capital and a cushion on "margins". The margins will be distributed later through our system of Capital Credits.
Each member in the cooperative is assigned an individual Capital Credit account. At year end, any margin is divided among the members according to their patronage with the cooperative. You will receive a notice of your Capital Credit allocation each year.
Scenic Rivers Energy Cooperative is currently refunding on a percentage basis. Your total allocations are multiplied by the percentage that the Board of Directors decides on. For active members, this amount is applied to the bill in October of each year. Inactive members receive a check in the mail. If the check is less than $10.00 we will not issue it. This amount is recorded and added to the following year until the refund is at least $10.00.
Capital Credit Application and Agreement for Early Retirement
Keep Your Address Current
As you can imagine, maintaining address files is a tremendous undertaking. Each year, there are many former members for whom we cannot find a current address. With your assistance we are able to keep our files up to date, so these members can receive the Capital Credits to which they are entitled. If we are unable to locate these individuals or their heirs, the Capital Credits are donated to the Federated Youth Foundation, which is a nonprofit organization. The money is then used to make contributions to youth programs & scholarships in our service territory.
If you have any questions, please contact Carrie at 800-236-2141 ext. 556.
