Belonging to a cooperative is a unique experience. When you signed up for electric service with CoServ and paid a membership fee, you became a member-owner of what is now one of the fastest growing electric cooperatives in the country. As a result, not only can you count on safe, reliable service, but you also get to enjoy a share in the earnings of the cooperative, in the form of Capital Credits.
Unlike private electric utilities that generate profits on behalf of investors, shareholders and other external parties, any profits collected by CoServ Electric are first re-invested in the cooperative and then later returned to you, our members. Capital Credits are allocated based on the amount billed for electric purchases during the year. They are held in a reserve or used to meet the ongoing equity needs of the cooperative. When certain financial obligations have been met, the Board of Directors may retire the credits, at which time our members either receive checks or credits on their utility bills representing their share.
CoServ has returned over $14.9 million to our members and former members since 2003. This is the power of cooperative business.
For more information regarding capital credit allocation/retirement, we encourage you to read the following documents:
