Co-op members to receive checks in the mail
One of the many benefits of being a member-owner of Flathead Electric Cooperative is that after the Co-op’s expenses are paid, any excess margins are allocated back to the members in the form of capital credits. Those annual allocations are added to each member’s capital credit account. As financial conditions allow, Flathead Electric retires those capital credits in the form of checks to current and former members.
In December, the Co-op will issue over 36,000 checks in excess of $2.4 million to members. These checks are a percentage of the remaining capital credit balance in each member’s or former member’s account from 2006. Members of the Co-op will be mailed a capital credit check and/or an allocation notice stating the amount of capital credits that will be added to their account and their capital credit balance.
Members will receive one of the following:
- A capital credit check if you were a member in 2006;
- An allocation notice if you were a member in 2016;
- A capital credit check and an allocation notice if you were a member in 2006 and in 2016; or
- If you were not a member in 2006 or 2016, you will not receive a check or notice this year.