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December Message from the Manager

Capital Credits:  What happens when they go unclaimed?

Jerry King

When you signed up to receive electric service from Burke-Divide Electric Cooperative, you became a member, and owner, of the Cooperative.

 

Because electric cooperatives are owned by our members, we do not create profits for distant shareholders. Cooperatives allocate excess revenue to members as “capital credits,” and retire--or pay--them when the co-op’s financial condition permits.

 

Often times, Capital Credit checks written to former members of the Cooperative are returned to us.  The member may have moved out of our service area or may be deceased.  Each year, we publish a list of unclaimed Capital Credit checks in an effort to try locate these members, but we are still unable to locate them.

Capital Credits

 

In the coming months, we will be working through the final process of locating former members who have unclaimed Capital Credit checks issued between 2001 and 2011.  We will begin by mailing letters to the last known address on file for these former members.  After the mailing, we will publish a list of former members with unclaimed Capital Credit checks.

 

When the list is published, we will ask current members to provide any information you may have about individuals or businesses on the list.  We will make every attempt to locate former members who are entitled to Capital Credit checks.

 

Until next time,

 

Jerry King

General Manager

 

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