Capital Credits are monies SECO pays back to members

One of the great benefits of being a member/customer of a not-for-profit cooperative like SECO Energy is that you get to share in any excess margins the business might have at the end of each year.Members usually receive the credit on the November bill.

While SECO faces many of the same economic challenges our members face, the Co-op does remain in stable financial condition and, the Board of Trustees has determined that SECO members will get $3 million in capital credits returned to them in November 2011.

Over the last sixteen years SECO has given back $23 million to its customers.

Newer members may not be familiar with Capital Credits, especially if they were served previously by an investor-owned or municipal utility. Simply put, these credits are the accumulation of all prior year’s revenue after all the Co-op’s expenses have been paid. These credits are applied on a pro-rata basis to each SECO member’s account and represent a portion of the total monies paid to the Co-op by each member/customer.

As a not-for-profit utility, your electric cooperative keeps the focus where it ought to be – on what’s good for you, the members, and your community. SECO is accountable to our members because we’re local. Our directors and employees live here. Our kids and grand kids go to the same schools. We have a stake in the local economy and the well-being of the community at large.

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