Capital Credits

Find Unclaimed Capital Credits

In 2019, the co-op retired Capital Credits and returned money to our members in the form of a check. The Capital Credits checks that were NEVER cashed will soon be classified as unclaimed and the check voided.

Please search through the list below to see if you, or someone you know, have Capital Credits they did not claim.

Then call the office (937-592-4781) to ask about reissuing your Capital Credits check.

Frequently Asked Questions

An electric cooperative operates on an at-cost basis by annually allocating money to each member, based upon the member’s purchase of electricity, and operating revenue remaining at the end of the year; later, as financial condition permits, these allocated amounts—capital credits—are retired and returned to members.

Capital credits represent the most significant source of equity for Logan County Electric Cooperative. Since a cooperative’s members are also the people the co-op serves, capital credits reflect each member’s ownership in, and contribution of capital to, the cooperative.

Each year, the Logan County Electric Cooperative Board of Trustees makes a decision on whether to retire capital credits based on the financial health of the cooperative. During some years, the co-op may experience high growth in the number of new accounts, or severe storms may result in the need to spend additional funds to repair lines. These and other events could increase costs and decrease member equity, causing the board not to retire capital credits. For this reason your co-op’s ability to retire capital credits reflects the cooperative’s financial stability. The board alone decides whether to retire capital credits.

The Board of Trustees makes a decision each year by December whether or not to retire capital credits. When the cooperative is strong enough financially, the board directs staff to retire some portion of the capital credits.

Active and inactive members will typically receive capital credits during the month of December. The minimum capital credit that will be issued will be $10.

If you move or no longer have electric service with LCEC, it is important that you inform the cooperative of your current address, so that future retirements can be properly mailed to you. If you purchased electricity during the years being retired, then you are entitled to a capital credit retirement, even if you move out of the service territory. If we have your current address, then you will receive your retirement check by mail.

What are capital credits?

Where does the money come from?

How are margins allocated?

Are capital credits retired every year?

Do I lose my capital credits in the years the trustees decide not to make retirements?

How often do members receive capital credit retirements?

What if I have moved?