Electric cooperatives are nonprofit organizations owned by the members we serve. Every year, any profits from the operation of the business are credited back to our members, and are called capital credits.
We keep a record of the amount of money each member is due, and each year we send a notice to our members to let them know the amount they earned. The profits are allocated back to our members based on how much energy they used in that year.
Our board of directors determines the schedule for repaying capital credits. Many times, members have moved away from the area, and we have a difficult time locating them. It is very important for former customers to keep us informed of their current address so they will receive their checks.
As of December 2008, we've returned over $36,306,433 to Mississippi County Electric members. If you have questions about unclaimed capital credits, or would like more information about our capital credit payment history and plans, simply e-mail email@example.com or contact us by phone at 1-800-439-4563.