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Capital Credits

What’s a Capital Credit?

Capital Credits are a key benefit for members of an electric cooperative, representing your share of the cooperative's margins and ownership.

At the end of each year any remaining revenues, after all expenses are paid, are allocated back to members based on their electric usage. The Board of Directors annually reviews the cooperative's financial health to decide if Capital Credits can be retired and returned to members, which may not happen every year.

See if you or someone you know has unclaimed Capital Credits.

How Capital Credits Work

Monitor Electric Usage

We monitor your annual electricity usage.

Assess Annual Finances

At year-end, we check for any excess revenue.

Allocate Capital Credits

Capital Credits are allocated based on usage.

Issue Member Payments

When possible, Capital Credits are paid out.

FAQs

What happens to the Capital Credit account of a deceased GCEC member?

When a member passes away, the Capital Credit account belongs to the members’ estate. The estate representative must submit a Death Certificate along with Letters of Testamentary or a Will. If no Will exists, a notarized Affidavit of Heirship completed by a disinterested party is required. Forms can be found at the bottom of the page. Please call (903) 482-7100 for more information.

What happens to my Capital Credits if I leave the GCEC service area?

If you move out of GCEC service territory, please make sure to update your address so that we can contact you regarding any future Capital Credit refunds. Call us at (903) 482-7100 or fill out our change of address form to update your address or for assistance.

My check was issued incorrectly. How can I resolve this?

If you have received a check issued to a deceased member, a joint account after a divorce, or any other incorrectly issued check, please contact us at (903) 482-7100 for correction. You may need to provide identification or legal documents to verify your representation of the estate or account.

Will I receive a Capital Credit check every year?

Not exactly. Capital Credit allocations are determined annually, but you will only receive a check or bill credit if the board of directors authorizes a retirement. The board evaluates the cooperative's financial health before making this decision.

What's the difference between allocated and retired Capital Credits?

Allocated Capital Credits represent the member's share of the net margins, reflecting your equity and ownership in GCEC. Each year that the cooperative achieves positive margins, members receive Capital Credit allocations. These funds are reserved for operational capital, improvements, and maintenance over several years.

A retirement is the refund amount a member receives, which is a portion of your total allocation. When Capital Credits are retired, a check is issued, or a credit is applied to your bill, thereby reducing your equity in the cooperative. Until retirement, the allocation holds no cash value. The decision to retire your Capital Credits lies with the GCEC board of directors and depends on the cooperative's financial health.

Helpful Documents

Change of Address

Have you moved? Let us know about your change of address for Capital Credits.
Change Address

Relinquish Capital Credit Rights

Request for removal from joint membership and relinquishment of Capital Credit rights.
Relinquish Rights