Meeker Cooperative is proud to continue its long-standing tradition of giving back to the members who power our community. The Board of Directors has approved the general retirement of $1,055,545 in capital credits for 2024. This year’s retirement includes payments to estates and former members, as well as current members who received electricity from the Co-op in 1996. It also includes credits from our power supplier dating back to that same year.
Capital credits are one of the many benefits of being a member of a cooperative. Unlike for-profit utilities, which are focused on generating revenue for shareholders, Meeker Cooperative operates on a not-for-profit basis. This means any revenues collected beyond the cost of providing electricity are returned to our members, rather than to outside investors. Since its inception, Meeker Co-op has returned more than $23.5 million in capital credits to its members, reinforcing our commitment to local ownership and community investment.
What are Capital Credits?
As a member-owned, not-for-profit cooperative, any revenue collected that exceeds the cost of providing electricity is known as margins (or profit). These margins are allocated to members as capital credits, helping fund the Co-op’s operations, such as infrastructure maintenance and improvements. When the financial situation allows, the Co-op returns these capital credits to its members, as decided by the Board of Directors.
Current Members
If you’re a current member eligible to receive capital credits, you will notice a credit applied directly to your December electric bill.
Former Members
Former members who are eligible will receive their share in the form of a check, also sent out in December. Checks are issued once your total capital credits reach $25. If your credits are below that amount, they will accumulate until they meet the minimum threshold for payout in a future year.
Unclaimed Capital Credits
Each year we attempt to locate members who have moved without leaving a forwarding address. After seven years, if the credits remain unclaimed, the funds are donated to Operation Round Up®, our charitable program that supports local scholarships and community initiatives.
Want to see if you or someone you know has unclaimed credits? Visit our website at www.meeker.coop and navigate to the “Capital Credits” section under the “About Us” tab. If you recognize any names on the list, let us know so we can reunite them with their funds.
Making a Difference with Operation Round Up®
If you are entitled to receive capital credits this year, you can opt to donate all or a portion of your payout to Operation Round Up®, helping make a positive impact in our local communities.
For more information about unclaimed capital credits or to donate your payout, please reach out to Jammie at
320-693-3231.
Being a member-owner of Meeker Cooperative means more than just receiving reliable electricity; it’s about sharing in the success of the Co-op and giving back to the community.