Peace River Electric Cooperative, Inc., is a not-for-profit organization. Any revenues — called margins — remaining after all expenses have been paid are allocated to members in the form of Capital Credits. Capital Credits represent each member’s share of the co-op’s margins.
Capital Credits Q&A
Every year, the Board of Directors decides whether to retire Capital Credits based on the financial health of the Cooperative. Capital Credits are typically retired annually in December. The oldest retained Capital Credits are returned first.
Allocated Capital Credits appear as an entry on the permanent financial records of the co-op and reflect your equity or ownership in PRECO. When Capital Credits are retired, a check is issued to you, and your equity in the co-op is reduced.
Peace River Electric Cooperative (PRECO) allows early retirement for a deceased member.
PRECO strives to deliver Capital Credits to former or current members who have moved from their last known address or did not cash a check that was mailed to them. When funds are not claimed within 3 years after payment, these funds revert to the Cooperative. Please contact Customer Care if you need to update your mailing address.
Yes! If you would like to help your local community meet real needs, consider donating your Capital Credits to Operation Round Up. It’s easy. Simply complete and submit the Capital Credits Donation Authorization (PDF) form.
Peace River Electric Cooperative (PRECO) bylaws provide for the early retirement of the Capital Credits of deceased members to their estate. Representatives of a deceased member’s estate may contact the cooperative at (800) 282-3824 for more information.
Upon the death of either spouse in a joint membership, the name of the deceased person is removed from the membership, and the membership is then held solely by the surviving spouse. A joint membership is not eligible for an early retirement upon the death of one of its members.