More Convenience for Capital Credit Recipients

Cookson Hills Electric Cooperative is a not-forprofit organization owned by the members we serve. Those that have signed a membership agreement for electric service from Cookson Hills Electric are members. Capital credits reflect each member's ownership in and contribution of capital to the cooperative. At the end of each year, Cookson Hills Electric subtracts operating expenses from the operating revenue collected during the year. The balance is called an operating margin. Margins are allocated to members as capital credits based on how much electricity they purchased during a particular year. We keep a record of the amount of money each customer is due. The profits are returned to our members based on how much energy they used that year.

In years past, CHEC printed and mailed paper checks to all accounts scheduled to receive capital credits. We are pleased to announce that we will issue a credit instead of a paper check to all active accounts eligible for capital credit.

This credit will appear on the electric bill as a PATRONAGE CAPITAL RETIREMENT. For all inactive accounts eligible for capital credit, CHEC will issue a paper check, which will be mailed out via USPS. 1736802

We hope members find this new process more convenient by eliminating the need to cash a check physically and reducing the chances of checks being lost or stolen.

We hope members find this new process more convenient by eliminating the need to cash a check physically and reducing the chances of checks being lost or stolen.

If you have any questions about capital credits, please contact our office at 800-328-2368, and we will be happy to assist you.