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Unclaimed Capital Credits - Is Your Name on The list?

Coos-Curry Electric Cooperative, Inc. is looking for members who have not claimed the capital credits retirement checks that were issued to them in 2011 and 2012. The names will appear as a special insert in the Curry Coastal Pilot newspaper on Wednesday, August 8, September 5, October 10 and November 7, 2018 and a few copies are available in our area offices.

 

In 2011 and 2012, your electric cooperative board of directors elected to return capital credits for the years 1980, 1981, 1982 and 42% of 1983.  Capital credits represent the amount of revenue left over after all expenses of the cooperative have been paid for the year and are allocated to each member based on their “participation” in the cooperative.  Participation is usually defined as the amount of electricity you use.  Think of it as the investment you made in your electric cooperative that particular year.  Your ability to invest and participate in making your electric cooperative a success and receive refunds when financial conditions are good is what makes us different than other electric companies.

 

Unfortunately, some capital credits refund checks issued in 2011 & 2012 were never cashed. That’s why we’re looking for you. Please call 1 (866) 305-1278 if your name appears on the list, you are legally authorized to claim one of these checks, you have the current address of someone on this list or the member on this list is deceased and you are an heir. Give your name, member’s name and daytime telephone number where you may be reached. Or you may send your information to the attention of Pamela or Rose at Coos-Curry Electric Cooperative, P.O. Box 1268, Port Orford, OR 97465. A member of our staff will contact you as soon as possible. Capital credits not claimed 6 months after the last published notice, scheduled for May 2019, will be forfeited.

UNCLAIMED CAPITAL CREDIT LIST