Capital credits to arrive in time for the holidays
When you signed up to receive electric service from Flathead Electric Cooperative (FEC), you became a member-owner of the Co-op. While investor-owned utilities return a portion of any profits back to their investors, the benefit of being a Co-op member is that electric cooperatives allocate excess revenue to members as “capital credits,” and retire-or pay–them when the Co-op’s financial condition permits. This year, the FEC Board of Trustees has elected to retire a percentage of the capital credits that were allocated to member accounts in 2007 and 2008. In December, over 35,000 checks in excess of $2.5 million will be mailed to members.
If you were an FEC member in 2007/2008, you’ll receive a capital credit retirement check. If you were an FEC member in 2019, you’ll receive an allocation notice. If you were an FEC member in both 2007/2008 and 2019, you’ll receive a capital credit retirement check and an allocation notice (in one combined statement). If you were not a member in 2007, 2008 or 2019, you will not receive a check or an allocation notice this year.