One of the many benefits of being a member-consumer of a not-for-profit electric cooperative is that money left over at the end of a year is returned to members in the form of capital credits. These credits are accumulated based on the member's annual electricity purchases and are paid at the discretion of the Board of Trustees based on the cooperative's financial condition.
Members who have active accounts receive their capital credits as a credit on their electric bill. Former members who have moved out of Washington Electric's service territory and have kept their mailing address current receive their capital credits in the form of a mailed check. For former members who have not kept their address current, the co-op publishes a list of names in the February and March issues of Ohio Cooperative Living magazine. Members have a period of two years after the names are published to claim their credits.
Capital credits are also payable to the estates of deceased members. Certain conditions must be met. If you are aware of a deceased member who may have capital credits, please have the executor of the estate contact our office.
Capital Credits Department