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White River Valley Electric Cooperation

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WRVEC Capital CreditsWRVEC Capital CreditsRebate ProgramRebate Program Call Before You Dig Missouri One CallCall Before You Dig Missouri One Call Co-Op Connections CardCo-Op Connections Card

Capital Credits

What are Capital Credits?

At the end of each year, after all of the cooperative’s bills have been paid and all expenses considered, the amount of money that is left over is called a margin.  Margins provide equity for the cooperative and are allocated to the members in proportion to their purchases of electricity during the year.  Capital credits are your share of the margin.  Capital credits are allocated annually to each member and are retired in accord with the cooperative’s bylaws.

If you have questions regarding your capital credits, please contact the Billing Information Department at 1-800-477-6408 or to find out more about Capital Credits or WRVEC, click here to contact us. 

Download the capital credit form here. You will need Adobe Reader in order to view this file.

To search our most recent list of unclaimed capital credits, click here

 

Frequently Asked Questions:

Below are answers to anticipated questions you may have about capital credits.  We hope that if you have any questions, they will be answered below.  If not, you are welcome to call White River Valley Electric Cooperative’s (WRVEC) office.  We will do our best to answer any additional questions you may have in a timely fashion.

 

What are capital credits?

At the end of each year, after all of the cooperative’s bills have been paid and all expenses considered, the amount of money that is left over is called a margin.  Margins provide equity for the cooperative and are allocated to the members in proportion to their purchases of electricity during the year.  Capital credits are your share of the margin.  Capital credits are allocated annually to each member and are retired in accord with the cooperative’s bylaws.

What’s the difference between allocating and retiring capital credits?

Each year, capital credits are allocated to each member and recorded in the books of the cooperative.  Capital credits are retired or paid to members after the Board determines that the financial condition of the cooperative will not be impaired thereby.  Capital credits may be retired in full or in part, and the manner, method and timing is determined by the Board.

Why did I receive this capital credits retirement?

Our records indicate that you are eligible to receive the capital credits retirement.

I didn’t think electric cooperatives were supposed to make a “profit”.

We are required by our lending institutions to meet certain financial requirements to show that the cooperative is financially stable.  However, all margins are allocated back to our membership.

Is my capital credit allocation/retirement taxable?

We suggest that you seek the advice of a tax professional for any specific questions regarding taxation.

How did you determine the amount of my capital credit retirement?

This capital credit retirement represents your share of retired capital credits.

When will 100 percent of the capital credits allocated to me be retired?

Each year the decision to retire capital credits is made based on the financial stability of the cooperative.  The Board, in its sound discretion, selects the manner, method and timing of retiring capital credits.

What impact will this capital credit retirement have on my electric bill?

The retirement of capital credits does impact the finances of the cooperative and may impact future electric rates.

What if I want to donate my capital credit retirement to Operation Round Up?

If you would like to donate your capital credit retirement to Operation Round Up, WRVEC’s member-funded program that provides financial assistance to community organizations, individuals in crisis situations and college scholarships, simply contact WRVEC and we will accommodate that request.

How may I contact WRVEC to speak with someone about this matter?

We will return all calls and inquiries on a first come, first served basis.  If you have questions regarding your capital credit retirement, please contact the Billing Information department 1-800-477-6408 or e-mail This email address is being protected from spambots. You need JavaScript enabled to view it..

Adobe Reader To view forms from WRVEC, you will need Adobe reader. You can download it here.

 

 

WRVEC Capital CreditsWRVEC Capital CreditsRebate ProgramRebate Program Call Before You Dig Missouri One CallCall Before You Dig Missouri One Call Co-Op Connections CardCo-Op Connections Card

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