CoServ retires $12M in Capital Credits to Members

The CoServ Board of Directors voted last month to retire $12 million in Capital Credits back to Members. The Credit will be applied as a bill credit in August for all current Members who joined the co-op prior to Jan. 1, 2025.

As an electric cooperative, CoServ is owned by its Members. Think of this retirement as a dividend payment in return for your investment in the co-op over the years. Capital Credits represent CoServ’s annual margins (profits) that are divided proportionately every year based on each Member’s electricity purchases.

Then, those funds are allocated to an account maintained by CoServ for each Member. At the discretion of the board and when financial conditions allow, the Capital Credits from past years are retired (paid) to Members.

The more electricity you buy and the longer you are a Member, the more your retirement will be.

The democratically elected Board of Director, who are Members just like you, along with CoServ’s executive leadership made the decision to apply Capital Credits to August bills to provide Members with some relief on what’s usually the highest bill of the year.

Board Chairwoman Trisha Sheffield announced the Capital Credit retirement at the CoServ 2025 Annual Meeting on June 3.

“This process is a part of the CoServ Advantage, as the co-op’s margins or profits, belong to you, not shareholders,” Trisha said at the meeting.

Click here to watch the 2025 Annual Meeting.

Thank you for allowing us to serve you with reliable, affordable electricity.

Former Members who moved out of CoServ’s service area will also receive Capital Credits, paid out as checks and sent to the most current address on file.

For more information on this, what to do if you’re handling an estate and more, visit CoServ.com/CapitalCredits.