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Capital Credits

You Get the Credit – Operation at Cost is Part of the Cooperative Difference.

Capital Credits Infographic

Electric cooperatives aren’t like other utilities—you, as a consumer and a member own a portion of the business. And one benefit of that membership involves the allocation of excess revenue, called margins, in the form of capital credits. 

Electric co-ops operate at cost— collecting enough revenue to run and expand the business but with no need to raise rates to generate profits for distant shareholders. When Coos-Curry Electric Cooperative, Inc. (CCEC) has money left over, it’s allocated back to you and other members as capital credits. When the co-op’s financial position permits, the co-op retires or pays, the capital credits to members. Since 2007, CCEC has retired nearly $7.5 million in capital credits to members.

Nationally, in 2010, electric cooperatives retired $626 million in capital credits to current and former members. Since 1988, co-ops have retired $9.5 billion, based on data from the federal Rural Utilities Service and the National Rural Utilities Cooperative Finance Corporation (CFC), the premier private market lender to electric cooperatives.

The retirement of capital credits—so-called because members provide capital to the cooperative for it to operate and expand—depends on the co-op’s financial status. CCEC holds onto allocated capital credits to cover emergencies, such as a natural disaster, and other unexpected events, and to expand its electric system, all of which may require large-scale construction of poles and wires. This action decreases the need to raise rates or borrow money to pay for the infrastructure. After a number of years, if financial conditions permit, CCEC may decide to retire a set amount of capital credits.

Members are annually allocated capital credits based on the amount of electricity they consumed during a year. Because of our business model and capital credits, in particular, it is important that accounts are in the name of the person paying for and using the electricity because capital credits will be allocated and retired accordingly. In addition, if a member leaves the area, they should be sure the cooperative has a valid address so when capital credits are retired, the check is mailed to the proper address. 

Who are we looking for?
Coos-Curry Electric Cooperative Inc. is looking for members who have unclaimed capital credits issued between 2013 and 2015. The CCEC Board of Directors elected to return the balance of capital credits owed to members during those years, which covered the service period from 1984 through 1986. Members who have unclaimed capital credits will appear in a special insert within the Curry Coastal Pilot newspaper August 21, September 18, October 16 and November 20. 


What are Capital Credits?
Capital credits reflect each member’s ownership in the cooperative. CCEC does not earn profits like an investor-owned utility. Instead, any margins or revenues related to the sale of electric service remaining after all expenses have been
paid are returned to members in proportion to their use of electricity.

Contact Us!
Please call 866-305-1278 if your name appears on the list, you are legally authorized to claim one of these checks, the member on this list is deceased and you are an heir, or you know the address or phone number of a person or business on the list. When calling CCEC, please ask for Pamela or Rose. Provide your name, and the listed member’s name and telephone number. You may also send the information listed above to the attention of Pamela or Rose at Coos-Curry Electric Cooperative, P.O. Box 1268, Port Orford, OR 97465. A member of our team will contact you as soon as possible. Unclaimed capital credits will be forfeited in May 2021, six months after the last published notice.

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©2021 Coos-Curry Electric Cooperative. A Touchstone Energy Cooperative

  • Home
  • My Account
    • Member Services
      • Account Management
      • Member Service Policies
      • Pre-Pay Power
      • Mobile App
      • Member Benefits
      • New Electric Service
  • My Cooperative
    • ABOUT CCEC
      • Our Story
      • Board of Directors
      • Articles of Incorporation and Bylaws
      • Service Area
      • Office Locations
      • Contact Us
      • Careers
    • CO-OP Information
      • Power Supply
      • Rates
      • Capital Credits
      • Touchstone Energy Cooperatives
      • The 7 Cooperative Principles
  • Outages & Safety
    • Outages
      • Outage Center
      • Outage Map
    • Safety
      • Call Before You Dig
      • Electrical Safety
      • Tree Trimming Requests
  • My Energy
    • Rebate Programs
    • Energy Conservation
    • Home Efficiency Tool
    • Net Metering
    • Electric Vehicles
  • News & Community
    • Cooperative News
      • Recent News
      • Ruralite Magazine
      • Grassroots Efforts
      • Round-Up Program
      • Scam Awareness
    • Community
      • Co-Op Connections® Discount Card
      • Coos-Curry Electric Charitable Foundation
      • Energy Assistance
      • Charitable Giving
      • Youth Tour
    • Scholarships
  • Beacon Broadband
    • Home
    • Our Project
    • About Us
    • Packages
    • Pre-Registration
    • FAQs
    • Contact Us