Capital Credit Retirement - $500,000
The United Electric Co-op Board of Directors approved $500,000 in Capital Credit Retirements. With the bylaw amendment concerning capital credits at the 2016 Annual Meeting, this means that United Electric will be paying out a portion of 2015 capital credits as well as capital credits from the years 1985, 1986 and a portion of 1987. Current members will see their refund as a credit on the June 1, 2016 billing statement. Those who are no longer members of United Electric Co-op will receive a check in late May or early June.