Capital Credits - Do We Owe You Money? Check the 2017 list!
When the Cooperative has margins (revenues minus expenses) at the end of the year, those margins are allocated (spread) to active members based on their electric usage during that year. Annually, the board of directors determines if the Cooperative is in a financial position to distribute any margins or capital credits back to the members. This is called a capital credit retirement and is given to the members in either a bill credit, or in the case of an inactive member, a check. For more details, click this Capital Credit Explanation link.
In June of 2016, Claverack completed a capital credit retirement for a portion of the years 1982, 1983, 1990, 1991 and the year 2015. We credited the June bills of active members, and mailed checks to former members for which we had valid address information. However, we have many former members that have checks awaiting them, but are unable to mail those checks because we no longer have a valid address on file.
Please help us locate these members so we can return their money. Click here for a List of Former Members and take a few minutes to scan the alphabetized list. If you recognize any of these former members, and can provide us with their address, please email us at firstname.lastname@example.org, or call us at 1-800-326-9799 or 570-265-2167.