CAPITAL CREDITS

As a member of a cooperative, you enjoy a unique privilege in the form of Capital Credits. Most funds in excess of operating expenses are transferred to a capital credit account. All funds in the capital credit account are paid to the members. You actually own the company providing your electric services. As a cooperative, Hill County Electric does not keep “profits” in the same sense that most businesses do. Most funds in excess of operating expenses are transferred to a capital credit account. All funds in the capital credit account are guaranteed to be paid to members. Annually, the Board determines the amount to be returned as a general retirement based upon the financial health of the Cooperative, the cash needs, financial performance and balance sheet impact. Capital credits are used by HCE to improve services plus build and maintain the current infrastructure. Without this money, HCE would have to borrow additional funds which would increase costs and rates for service.

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