Summer is here and hopefully this virus is behind us. Even with all the uncertainty that we are facing, I am proud to say HCE employees have continued to provide the same great customer service to our members. Internally, management balanced making changes to keep our employees safe while still being available to our members. Technology has played a key role in progressing through this crisis together. I would like to take a moment to thank Independence Bank and Rocky Boy Veterans Center for accepting payments during this time on our behalf. HCE has additional payment options available through Smart Hub, Quick Pay, drop box and a 24/7 phone number. Please give our office a call if you would like to explore any of these payment options to select the one that works best for you.
As you know, we were not able to hold our Annual Meeting of Members in May, but our Board of Trustees is planning on calling a special meeting. The timing and delivery of the magazine does not allow me to explain the full details at this time; however, a special communication will be sent out to each member individually.
Capital credits are one benefit of cooperative membership. As an owner of the cooperative, each member is allocated a portion of the cooperative’s net income each year. The funds allocated are paid out in future years depending on the financial position of the cooperative in the form of general retirements. Capital credit checks totaling $478,838.19 were mailed in May. The HCE Board retired 100% of 1985, 50% of 1986 and 1% of 1987-2018.
The HCE Board recently selected winners for our annual scholarships. As always, we are continually impressed with the applications we receive. Congratulations to this year’s winners: Noah Nitz, Caden Rettig, Samantha May and Faith Gasvoda. We wish the class of 2020 success in their future endeavors.
By following the cooperative principle of concern for community, we continue to make a difference in our communities, by looking out for our neighbors and lending a helping hand whenever and wherever we can. Please continue to stay safe and healthy.