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What are Capital Credits?

CAPITAL CREDITS

Capital Credits are one of the benefits of membership with a non-profit electric cooperative such as MEC.  

The cooperative operates on a non-profit basis, and as a member you are entitled to a share in excess margins. "Capital Credits" is the term used for the allocation of each member's share of the margins from the previous year. These margins are the difference between what members paid for their electric service and what the service cost the cooperative to provide.

Capital Credits are retained by the cooperative for a number of years as operating capital, reducing the need to borrow money to run the business, which could cause an increase in the cost of electric service to our members. MEC returns or "retires" the capital credits earned by members on a rotating basis, usually in December of each year. For many MEC members, receiving a Capital Credit check is a nice holiday surprise.

The second way Capital Credits may be repaid is upon the death of a member. Application must be submitted to the Board of Directors. After board approval, Capital Credits are payable to the heirs or estate through the year of death. For joint memberships, half of the capital credits would be payable to the surviving member.

Once you have established membership with the cooperative, Capital Credits are an important reason to keep your address updated with MEC, even though you may no longer be an active member or live in this area. When capital credits are retired for the years you had service with us, your up-to-date address will enable us to send your capital credit check.

Upon becoming a member, you will receive a membership certificate in the mail. This, along with your yearly "Capital Credit Allocation Notice" (a yearly statement of earnings on your account mailed in early summer), should be kept in a safe place with your other important documents and estate planning information.

Membership at MEC not only ensures electricity at competitive rates, you also become a part owner of the cooperative! This ownership gives you a voice in operation, through your elected board AND a share in the margins (profits) earned by your cooperative.

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©2022 Midstate Electric Cooperative, Inc. A Touchstone Energy Cooperative.

  • Home
  • About
    • About MEC
      • MEC Facts
    • What is a Cooperative?
    • What are Capital Credits?
      • Capital Credits FAQ
    • Service Area
    • Board of Directors
    • Board Meeting Minutes
    • Departments
    • Career Opportunities
    • FAQ
    • LEED Building
      • Solar PV System
    • About Touchstone Energy
    • Contact Us
    • New Member Welcome Information
    • 2022 Holiday Office Closures
  • Electric Services
    • Log in to Your Account
      • SmartHub FAQ
    • Billing & Payment Options
      • Billing Options
      • Payment Options
    • PowerPay
    • PowerView
    • Services
      • New Service
      • New Construction
    • Facilities Charge
    • Rate Schedules
    • Bylaws & Policies
    • Energy Usage Calculator
    • Find a Form
  • Outage Center
    • Report an Outage
    • Live Outage Map
    • Be Prepared
    • Restoration Process
    • Storm Center
    • Public Safety Power Shutoffs (PSPS)
  • Programs
    • Co-op Connections
      • Co-op Connections Business Sign Up
    • Scholarship Programs
    • Operation RoundUp®
    • Green Power
    • Revolving Loan Fund
  • Energy Efficiency
    • Residential
    • Commercial & Industrial
    • Agriculture
    • Free Energy Audits
    • Together We Save
    • Energy Savings Tips
  • Safety
    • Call Before You Dig
    • Generator Safety
    • Power Line Safety
    • Public Safety
    • Safety Demo
    • Safety Quiz
  • Our Community
    • Economic Development
    • Health Fair
    • News & Info
      • Manager's Message
      • Midstate Connection Newsletter
      • Red Flags Rule
    • Community Service
    • ORECA-Action Grassroots
    • Youth Tour
    • Scholarship Programs
    • Operation RoundUp®
    • Gift Certificates
    • Links
    • Member Calendar Contest - Closed
  • Electric Vehicles
    • Electric Vehicles Resources and Information
    • EV Incentive Questionaire