Capital Credits

Capital Credits 101

Any excess revenue (margins) remaining and approved of by the board of directors at the end of the year are allocated or assigned to your account as capital credits at the beginning of the following year based on the amount of energy you purchased during the previous year (patronage). Your account will accumulate capital credits each year you are an active member with us.

Each year, after assessing the co-op's financial status, our Board of Directors may approve the retirement of capital credits. If approved, general retirements are processed at the start of the year. Active members will see a credit on their bill, while inactive members will receive a check if their address is up to date and the amount is over $5.

We retire capital credits using the FIFO (first-in, first-out) method, meaning the oldest credits are paid first. We're currently on a 20-year payout schedule.

Capital credits may be early retired if an active member leaves our service territory with an accumulated allocation value of $1,000 or less on their account. The capital credits will be retired and paid out at present value, and a credit will be applied to the final bill. Any excess balance on the final bill will be issued as a check and mailed to the member's address on file.

Generally, the receipt of capital credits is tax free if the property served by Cass County Electric Cooperative was used strictly as a residence and not for business purposes. If the residence was used for business purposes and the payments for the electric bill served as a tax deduction, members should consult with their tax advisor about potential tax liability.

For inactive electric accounts, please contact our office in order that we may mail you an application for retirement of the deceased’s capital credits. The application will need to be completed and returned with a copy of the death certificate and other legal documentation depending on the status of the estate.

For active electric accounts, please contact our office for the account to be closed and/or transferred into another person/entity’s name. We will provide you with an application for retirement of the deceased member’s capital credits. The application will need to be completed and returned with a copy of the death certificate and other legal documentation depending on the status of the estate.

Capital Credit Name Search

Use the unclaimed capital credit search below to see if you have patronage waiting for you. If your name is on the list, call Cass County Electric at 701-356-4400 to claim your credits.

Cass County Electric Cooperative (CCEC) is excited to announce that we returned

$2.75 million

in capital credits to its members who paid for electricity in 2004 and 2005 (partial).

Capital Credits

Capital Credits 101

We retire capital credits using the FIFO (first-in, first-out) method, meaning the oldest credits are paid first. We're currently on a 20-year payout schedule.

Family members (heirs) of a deceased member may be eligible to obtain a payout at the present value of the total amount of capital credits on the deceased member’s account. Please contact our office at 701-356-4400 for further information.

Capital credits remain with the primary account holder. They will only be transferred or split between parties as listed in the divorce decree.

Please notify Cass County Electric Cooperative of your forwarding address to ensure you will receive any future checks mailed to you for any eligible capital credit retirements.

Capital Credit Name Search

Cass County Electric Cooperative (CCEC) is excited to announce that we returned

$2.75 million

in capital credits to its members who paid for electricity in 2004 and 2005 (partial).

Contact Us

Quick Links

Capital Credits

Capital Credits 101

What are capital credits?

How are capital credits allocated?

General Retirement

Early Retirement

Estate Retirement

Are capital credits taxable?

Upon a divorce

When you move

Death of a member

Capital Credit Name Search

Cass County Electric Cooperative (CCEC) is excited to announce that we returned

$2.75 million

in capital credits to its members who paid for electricity in 2004 and 2005 (partial).

Contact Us

Quick Links