Farmer’s Electric Cooperative is issuing checks to qualified members. Click to hear KMZU’s Kristie Cross speak with Communication Specialist Chasity Anderson:
Members will be receiving checks because cooperatives are different from other utilities.
“You receive a capital credit check because you’re a member owner. To receive money from an investor-owned company, you’d have to own stock in the company to receive a dividend check,” said Anderson, “So it’s kind of neat way that cooperatives are different. When it comes to capital credits, what they actually are, the profits or the margins that are left over from the revenues after all the operating expenses are deducted for the cooperative.”
The checks issued in December are for half the allocation for members who had service in 1991. About $603,000 is being distributed in December.
More information is available at www.fec-co.com.