Flathead Electric Cooperative’s Board of Trustees recently retired just over $3.5 million dollars in capital credits, which is a percentage of the capital credits allocated to members in 2009. Members who purchased electricity in 2009 will receive capital credit payments in the following ways:
- Active members who were also members in 2009 and with a total capital credit retirement amount under $500 will receive their payment via a credit on bills dated November 20 – December 15, 2024.
- Active members who were also members in 2009 and with a total capital credit retirement amount of $500 and over, will receive their payment via check mailed December 2, 2024.
- Inactive members who were also members in 2009 and with a total capital credit retirement amount of over $5 will receive their payment via check mailed December 2, 2024.
Co-ops retain capital credits for a period of time to fund long-term improvements to the electric system and to purchase supplies and equipment like transformers and bucket trucks. Essentially, the co-op borrows from itself and avoids paying interest on bank loans, which helps to keep electric rates lower. To learn more, or to search for your unclaimed capital credits, visit What Are Capital Credits – Flathead Electric Cooperative
