You are a member/owner of Comanche Electric Cooperative, and one way your ownership is reflected is through capital credits (your share of what's left over after the co-op pays it's expenses). Every month, you pay your bill for electric service, and the co-op pays the expenses incurred in providing that service. Any funds left over at the end of the year, "margins", provide equity for the co-op and you, the member. These funds are called "capital credits".
We retain a portion of these capital credits for two reasons:
- As working capital to keep the co-op financially sound and to allow for emergencies, such as storm damage, which might require placement of poles and power lines; and
- To retire debt and build equity in the co-op.
The total amount paid to members in the form of Capital Credits since 1938 is $5,181,915.38. The latest refund was in August of 2012. CECA refunded $350,000 for a portion of 1983. This included estate refunds through 2012, in the the amount of $2,206,221.56. Equity has remained stable in the last ten years at a rate of 37% for 2002 and 44% in 2012.
If you have any questions about capital credits or any of the operations of the co-op, just give us a call. It's your business.
Help Us Locate These People!
In August of 2012, CECA refunded $350,000 in Capital Credits for a portion of the year 1983. A number of those checks were returned to us due to address discrepancies. CECA would like to return this money to the members who earned them. Please check the attached list of names and contact our office if you have current addresses for any of them. Contact Nancy at 800-915-2533, or email@example.com.