TRICOUNTY RURAL ELECTRIC COOPERATIVE, INC. LOCAL PAGES
CAPITAL CREDITS
YOU GET THE CREDIT
As a member-owner, margins are returned to you There are many benefits that come with co-op membership. One of the most exciting is receiving capital credits. The board of trustees has approved retirement of over $486,000 of capital credits to current and former members this month. It is the 40th consecutive general retirement, and including payments to the estates of deceased members made over the years, $16.9 million has been returned to our members.
the end of the year after all expenses are paid.
The cooperative will retire 100 percent of margins from 2001 and 10 percent of margins from 2016. Current members who are due a refund will receive a credit on the electric bill they receive in December. Former Tricounty members who are due a refund will be mailed a check. Three Five Two Zero Zero.
These margins are allocated to each member-consumer of the co-op in the form of capital credits, based on each member’s total kilowatt-hours purchased for the year, with each member having his or her own capital credits account. The margins, or patronage capital, are retained by the cooperative for a period of time and invested in poles, wires, transformers, trucks, and the equipment necessary to provide reliable electric service to all cooperative members.
Tricounty members are the owners of the cooperative and share in the cost of expanding and maintaining the electric distribution system through the rates they pay for electricity. Co-op members also share in the profits, or margins, that are left at
One of the Seven Cooperative Principles is to operate on a not-for-profit basis by returning any net savings to members. The return of patronage capital credits is just one of the many ways that electric cooperatives are set apart from other utility providers.
Last call to claim capital credits In December 2013, we mailed capital credits refund checks to current and former members for 50 percent of the year 1999 allocation. Of these, about 100 checks totaling over $11,000 still are unclaimed. If you know the whereabouts of any of these people, please have them contact our office. These former members or their heirs must claim their checks by Feb. 28, 2018. Marc J. Alexander Thomas D. Badenhop William Bayton Laura A. Bechtol Chad A. Bibler Wayne Blanton Robert E. Braun Brenden G. Brophy Suzanne C. Brown Sue A. Bryan Larry Busch Lynn M. Busdiecker Scott A. Carpenter Lora L. Carter Joseph R. Click Karen L. Clifford John C. Cobb Brenda K. Cowell Thomas E. Cox Richard Cremeans Mary B. Crigger Heath Crumley Patrick O. Curtin
Mary Ellen Davis Valarie A. Dotson Phyllis A. Duggan James E. Eastmann Andi J. Echler Della Eicher Garnet V. Eisaman Terry N. Feasel Richard C. Fuller James A. Gibbons Marcia Gordos James Grabarczyk Trinka Graham Joshua A. Greenler Danny L. Gunther Gary A. Haney Jacob Harvey Linda Hassen Benjamin Hendricks Clifford G. Herr James Hickman Wes J. Hill Martha Hollowell
Mary B. Howard Susan Huber Harry S. Jackson Marla K. Johnston Bob M. Kelly Thomas W. Kemper Lynette Kennedy Patrick R. Kennedy Deanna L. Kimball Elizabeth Kimbler Joseph C. Kirkman, Jr. Jerry W. Kmotorka Aaron C. Koder Shawn M. Lance Holly Lavoie Jon A. Lee Merle C. Lieb Michael E. Mackey Sondra Majerowski John C. Mannin John M. Martinez Harold Mayle Dale R. McDowell
Scott G. Meeks Valarie L. Meyers Robert B. Meyers Richard W. Mock Benjamin J. Moss Vikki S. Mumford John Munger Elizabeth Napier Michal E. Nihoul Jospeh I. Ogan Richard R. Parsons Robert E. Paul II Raymond M. Perkins Gregory A. Riebesehl Margaret L. Rieger Richard M. Rikard Charles A. Robertson H. D. Roe Tammy L. Rood Charles T. Rooks David W. Rooks Beth L. Russell Jeffrey J. Rutkowski
Tomas P. Salinas Danny E. Schetter Michael F. Sheridan Jose D. Sierra Christopher L. Smith Larry D. Sparks, Jr. Mark Stevens Kenneth L. Stewart, Jr. James Stull Douglas G. Stumm Chris J. Sutton Jeffrey A. Taylor Susan Thomas Bryan Ward Scott L. Weaver Kim E. Weigel John D. Welch Sarah A. Westrick James A. Wilmore
DECEMBER 2017 • OHIO COOPERATIVE LIVING
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