All year long, we talk about the benefits of being an #IECA member - and there's a bunch 🍇! One of the sweetest is when we get to return money to our members in form of Patronage Capital Credits. Since it's almost that time of year again, let's take a look at what capital credits actually are.
🍇 Excess revenues are allocated to members (based on use) as capital credits.
🍇In mid-December, members who were with us in 2001, 2005 or 2006 might be eligible for a check.
🍇Why so long? Capital credits are returned on a 20-year cycle because member funds are first reinvested to maintain & improve the electric system. This approach allows the co-op to grow responsibly and minimize debt before returning funds to the members who originally provided them.