Capital credits represent WCEC members’ monetary participation based on their electricity purchases. Each year, the Board of Directors reviews the financial condition of the Cooperative to determine what amount can be paid to members from their capital credit accounts. The Board’s decision is based on the previous year’s margins and the current financial needs of WCEC. Payments to current members are made in the form of a bill credit. For those on prepay, it’s added as credit on their account and uploaded as electricity purchased.
Capital credits are not like money in the bank and are not payable on demand. They simply represent a member’s allocated credits, which are paid out from time to time as authorized by the Board of Directors. If you disconnect service, it’s important that you leave a forwarding address, so any future payments can be sent to you via check.