It pays to be a co-op member!

Cass County Electric Cooperative (CCEC) is excited to announce that it will be returning $4.5 million in capital credits to its members who paid for electricity in 2001 and 2002. CCEC’s board of directors approved the retirement at its January 2023 meeting.

Cass County Electric Cooperative is a not-for-profit organization, meaning we operate at cost, and any excess revenues, or margins, are returned to our members in the form of capital credits. Since our inception, Cass County Electric Cooperative has retired more than $31.5 million.

Active consumer-members:
In March, capital credits earnings will be applied, but reflected on your February billing statement. Notification of the retirement is on your billing statement.

Inactive consumer-members:
Generally, the cooperative will issue capital credit checks in March. However, if the retirement amounts are less than $5, consumer-members will not be issued a check. Instead, the retirement amount will be posted to the member’s account, unless one of the following circumstances apply:

• The member will not be receiving any future retirements from the cooperative.
• The current retirement amount plus any retirements from prior years have accumulated beyond the $5 threshold. In this case, the current retirement amount, along with the previously retired amounts, will be returned to the member as a check.

How does the capital credit process work?

1. CCEC keeps track of how much electricity you buy and how much money you pay for it throughout the year.
2. At the end of the year, the cooperative completes financial matters and determines whether there are excess revenues, called margins.
3. Consumer-members receive a portion of the margins as capital credits based upon the amount of revenue each member contributed throughout the year.
4. When CCEC’s financial condition permits, your board of directors decides to retire, or pay, the capital credits for previous years.
5. The cooperative notifies you of how and when you’ll receive capital credit retirements.

Please click here to see if you, family, or friends have capital credits waiting!