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Capital Credits

Capital Credits represent your ownership in Jackson Electric Cooperative.

This is one of the most unique and rewarding benefits you enjoy as a member of Jackson Electric Cooperative.

Unlike investor-owned utilities that maximize profits to pay dividends to shareholders, not-for-profit electric cooperatives provide members with "at cost" electric service. At the end of the year, after all operational expenses have been covered, a portion of any excess funds are allocated back to the members in the form of capital credits. Before allocating and retiring the capital credits, the Board of Directors must consider the financial condition of the cooperative and the needs for capital funds for the upcoming years. Capital credits may not be retired every year.

Each member in the cooperative is assigned an individual capital credit account. You will receive your Capital Credit Allocation Notice annually in September.

Keep Your Address Current
If you move out of our service territory please notify us of your address change. In order for you to receive your capital credits when they retire, Jackson Electric Cooperative needs a current address on file so that a check can be mailed to you. Please see the list of Unclaimed Capital Credits. This list represents those who have not stayed in contact with the cooperative and have capital credit retirements remaining in their capital credit account.

Jackson Electric Cooperative Bylaws Article VII, Section 2


Estate Settlements
In the event of a member's death, an early payment of discounted capital credits is optional. Please complete the form that pertains to your situation and submit to our office:  Election to Retire or Assign Capital Credits of Deceased Member: Application by Heir or Election to Retire or Assign Capital Credits of Deceased Member: Application by Estate. The form will be presented to the Board of Directors for action on the payment of discounted capital credits.

The other option is for an heir to accept the capital credits and continue to receive normal payouts from the capital credit account.

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