MEC Returns Over $1 Million to Members
Capital Credit Checks Hit Mailboxes in Late May
This year, the Co-op will be returning just over $1 Million in capital credits to its members. This return is comprised of 100% of 2001, 2.5% of 2004 and 3.6% of 2010 retirements.
Capital credits are unique to cooperatives. They represent the margins (capital remaining after expenses are paid) allocated to a cooperative member each year, pending board approval. In the spring, if the financial conditions of the Cooperative are satisfactory, the Board will meet to determine which years’ capital credits are retired and returned to members. Soon after, eligible members will receive a capital credit check from the Cooperative.
If you were an MEC member in 2001, 2004 and/or 2010, and are owed more than $10, keep an eye out, because you may receive a capital credit check! Capital credit checks were mailed in late May. If you have any questions about the capital credit process, the status of your capital credits, or you need to update your address, please contact Dana, our Plant Accountant, at 406.541.6347.
If you move and discontinue service, be sure to keep your address current so you don’t miss out on a future payment. To ensure that past and present MEC members have access to recently retired capital credits, we have published a list on our website. On the bottom of this page you can search by first, last or business name. Please note, the list on our website will not yet include the 2023 retirements.