Capital Credits

/Capital Credits
Capital Credits 2017-07-31T17:10:37+00:00

Outstanding Capital Credit Checks

Please check the Outstanding Check List below for members we have issued checks to but are unable to locate. If you locate the name of a deceased heir, you may complete the Capital Credit Refund form. Capital Credits for deceased members are paid at the discretion of the Board.

Capital Credits Refund Form

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A & M FARMS
AAGARD, MICHAEL
ADAMS, DOUGLAS D
AISHE, HENRY
AKEY, LARRY V
ALEXANDER, GARY
ALEXANDER, ZERYL
ALICOT, VERONIQUE
ALLEN, WILLIAM R
ALLEN, DAVID H
ALLEN, SANDRA K
ALLEN, INGREID
ALLISON, GARY M
ALLRED, C H
ALLRED, RUTH
AMENT, JOHN L
AMUNDSON, P J
ANDERSON, DALE
ANDERSON, LEONARD
ANDERSON, BRADY A
ANDERSON, RUTH
ANDERSON, CHERYL
ANDERSON, JEFFREY C
ANDERSON, LEE
ANDRA, GREG W
ANDRUS, RICHARD
ARCHAMBAULT-ACCET, NANCY
ARMSTRONG, GERTRUDE S
ARNOLD, ROBERT L
ASAL, OLGA E
ASCHENBRENNER, FRANK
ASCHWANDEN, DONNA
ASHBURN, OSCAR L
ASSOCIATED MORTGAGE
ATHEY, CONTESSA R
ATWOOD, MANUEL F
AWGELO, AMADEO F
AXTON, DEBORAH R
AYERS, LEO T
B & W PRODUCTS
BADER, MICHAEL
BADGER, DORIS J
BAHR, NANETTE E
BAILARD, EARL E
BAILEY, JAMES J
BAILEY, ROSS H
BAILEY, COLLETTE J
BAIN, ALLEN
BAKALAR, ROBERT
BAKER, W M
BAKER, ARTHUR H
BAKER, CHARLOTTE L
BAKER, SIMON
BAKER, JOHN E
BALDWIN, RICHARD E
BALDWIN, Z B
BALL, NEAL B
BANCROFT, ROBERT L
BANKS, DAVID J
BARKER, DONALD
BARNES, RICHARD A
BARR, FRANK
BARR, RON E
BARRY, DONNA L
BARTLEY, MARK B
BARTLOW, ALBERT F
BARTZ, ALLEN J
BASARGIN, OLGA
BASS, HARRY W III
BATT, ROGER
BAUDER, LAURENCE A SR
BAUER, FRED
BAUMGARTNER, ELSIE
BEEBE, VICKIE
BEELEY, LAWRENCE
BEHEE, JODY L
BEHLING, JAMES F
BELANGER, DANA J
BELCOURT, MABEL E
BELDEN, L G
BELL, WAKEMAN R
BELL, GREGORY A
BELL, RICHARD A
BELLAN, RICHARD T
BENDER, GERALD M
BENEDICT, KAREN I
BENEKE, MILLIE R
BENKOSKY, FRANK G
BENN, JAMES P
BENNETT, CHARLES W
BENOUIT, WAYNE
BENSON, J S
BENSON, FRIEDA
BENSTEAD, GERALD L
BENZ, ERIC S
BERG, ARDEN M
BERGREN, RUSSELL
BERKO, EMERICK A
BETZ, RUSSELL C
BEYER, DONALD W
BIBLER, PAULINE
BICHA, LARRY J
BICHSEL, JOE
BINGHAM, DARRELL A
BIRD, MARGARET
BIRKY, HELEN
BISHOP, RUTH M
BLAKE, HARVEY
BLAKE, PETER A
BLANKENSHIP, MACK
BLATTER, DON J
BLESER, ROBERT
BLUHM, ROBERT L
BODMER, FRITZ
BOE, GORDON
BOGGS, SALLY J
BOHANNON, JACK
BOSS, GERALD E
BOTERMAN, KEVIN
BOULTER, SHIRLEY
BOWER, STANTON E
BOWIE, GREGORY D
BOWLIN, MARY E
BOWMAN, DANIEL R
BOWMAN, RAYMOND J
BOYCE, BOB A
BRADFORD, RICHARD M
BRADLEY, LARRY L
BRAMBUM, MARSHALL
BRAMMER, GERALD L
BRAMSEN, ROBERT C
BRANCATI, ARLENE
BRANDT, ROBERT H
BRAY, WILLIAM A
BRAYTON, RAYMOND
BRAZEAL, PRESTON D
BRECHBILL, MARGUERITE
BRENNEMAN, VIRGIL
BREWSTER, GARY R
BRISCOE, TOMMY L
BRITTIN, DONNA
BROOKE, HAROLD L
BROWN, PHILLIP Q
BROWN, ROBERT B
BROWN, CATHERINE A
BROWN, MICHAEL D
BROWN, HARRY A
BROWN, GENEVA
BROWNE, LINDA
BROWNING, DONALD
BRUBAKER, JAMES W
BRUMLEY, DORIS
BRUNDIGE, HAROLD E
BRUNNER, RAY
BRUSHIA, MICHELLE M
BRYANT, STEVE R
BUCHANAN, DONALD D
BUCKINGHAM, J G
BUDD, DON
BUDKE, CARLEE
BULLER, ROGER W
BUNCH, AUDREY
BURGESS, J W
BURNS, ROBERT L
BUROW, RAY
BURRINGTON, KYLE A
BURT, CONNIE S
BURTON, RODNEY G
BURTON, CHARLES H
BUTLER, JOHN
BUTLER, JON N
BVTV
BYRNE, FRANK W
CAGE, CHARLES A
CALDWELL, BONNIE
CALDWELL, STEPHEN P
CALL, ALEX
CALLES, NICOLAS R
CAMERON, JAMES W
CAMPBELL, CHARLES V
CAMPBELL, EDRIA
CANDREVA, LOUIS JR
CARABEO, REYNALDO A
CARLSON, PEARL
CARLTON-JOHNSTON, B
CARPENTER, QUENTIN J
CARR, LOIS L
CARROLL, APRIL
CARSTENS, MARC
CASE, ROBERT J
CASE, DEBORAH
CASTILLO, BRUCE A
CATHEY, CHARLOTTE
CENTURY TITLE INS,
CHAMBERLAIN, KIM
CHAMBERS, ELLEN
CHAMPIE, CHANNING K
CHANCE, JAMES E III
CHAPPIN, EDWARD S
CHARLO, CHARLES M
CHARLSON, LYNDEN L
CHASTAIN, HENRY F
CHEFF, CHRIS R
CHOWNING, KENNETH
CHRISTENSON, RALPH L
CHRISTIAN, CHARLES W
CHRISTIAN, WILLIAM
CHRISTIE, JAMES L
CHRISTOPHERSON, RETTA
CLACK, CHARLES D
CLANCY, DENNIS
CLARK, LORRAINE J
CLARK, JAMES W
CLARK, LORRIN S
CLARK, LLOYD K
CLARK, JOSEPH C
CLARK, WALTER M
CLARK, WILLARD R
CLARK, PATRICK N
CLEVER, BEATRICE M
CLIFTON, WILLIAM D
CLOTHIER, REX A
COCHRAN, RICK
COCHRAN, LINDSEY W
COHEN, PAUL M
COLE, STEPHEN K
COLE, BARBARA C
COLLINS, JAMES C
COLLINS, REED O
COMITO, ROBERT L
CONNELLY, GINGER D
CONNOR, DELBERT R
CONRAD, FRANK L
COOKE, STEPHEN
COOKSEY, SUSANNE
COOMBES, NANCY R
COOPER, WILLIAM S
COOPER, FLOYD
COPELAND, DON
CORBETT, DIANA L
CORNWALL, HAROLD
CORPIAN, GRAYDON C
CORREA, ROBERT J
CORRELL, GERALD
CORWIN, MELVIN D
COSTA, SAM
COULTAS, CHARLES
COVERT, WILLIAM R
COVEY, ARLENE K
COX, KENNETH D
COX, SHARON A
COX, MARVIN A
CRAIN, RAY E
CRAWFORD, JOHN J
CRAWFORD, LYLE D
CRIST, DOUG
CROFT, MAX O
CRONIN, DANIEL W
CROPP, KENNY
CROSS, JOHN F
CROSS, JOHN L
CROW, DEAN L
CROWDER, BOB R
CROXTON, DENNIS J
CROXTON, SCOTT
CRUMP, ORIN
CULVER, RICHARD B
CUMMINGS, ALBION G
CUNNINGHAM, MARY A
CUNNINGHAM, TAMMY
CURE, STEVEN D
CURRY, ALECIA M
CURTIS, BRIAN K
CUTLER, BOBBY D
CZUB, MARKUS
DAHLBERG, HARRY
DAHLMAN, MARY
DAILEY, ERIN A
DAILY, ROBERT A
DALLY, DANNY R
DALLY, JUNE
DALZELL, LOUIS L
DANA, MARSHALL J
DANIELS, JERRY
DANIELS, ALICE M
DAVEIGA, TERRY L
DAVENPORT, ELLEN M
DAVIDSON, EDNA M
DAVIDSON, HUGH D
DAVIDSON, LANSUTTA
DAVIES, J K
DAVILA, FABIAN M
DAVIS, RONALD
DAVIS, JAMES L
DAVIS, NORMA J
DAVIS, CHARLES V
DAVIS, FRANK
DAVIS, IRWIN H
DAVIS, CHRISTINE M
DAVIS, WILLIAM L
DEAN, BRADLEY
DEAN, GEORGE A
DEARBORN, GEORGE F
DEBRUIN, LES
DECONTER, VIRGINIA
DEHNER, DONALD S
DEMARCO, SAL J
DEMERS, RONALD
DENTON, DAVID
DEPLOMB, EUGENE
DEREMIAH, WALTER R
DERRICK, JACK G
DESCHAND, JERRY
DEWEY, WILLIAM E
DEWITT, JOE E
DEXTER, B J
DICK, DELMER R
DIDRICKSON, JERRY A
DIETZMAN, A B
DIJKMAN, M J
DOLL, DONALD C
DONEGAN, FRANCIS S
DONEGAN, CHRISTOPHER J
DONICA, LUTHER
DORLAND, PATSY
DOWDY, NATHAN W
DOYLE, JOHN C
DRABAND, KENNETH A
DRAIN, JAMES P
DRINNEN, LARRY D
DRUMMOND,MELVIN O
DUCKETT, RICHARD L
DUFFIELD, JAMES R
DUFFY, WALTER R
DUMARS, JAMES R
DUNKIN, HUGH L
DUNN, ROBERT
DUPONT, BRENDA
DUPREE, DONELLE
DUTTON, ALBERT R
DUVALL, KIM G

EDELBACH, KIM M
EDGAR, ROBERT R SR
EDGAR, NOLA S
EDWARDS, LESTER W
EGGERS, LEWIS H
ELERICK, RONALD W
ELKINS, DAN
ELLIOTT, DAVE
ELLIS, EDWARD L
ELLIS, RICKEY L
ELLISON, LESTER
ENGLAND, CATHERINE
ENGLUND, DAVID A
ERICKSON, LYNN M
ERICKSON, EUGENE
ERICKSON, ELEANOR
ERICKSON, HOWARD
ESKEW, LILLIAN I
ESS, MARY
ESTABROOK, JOSIAH A
ESTES, MERLE D
EUBANK, ORVILLE T
EVANS, JAMES E
EVANS, KENNETH J
EVENOFF, HENRY
EVERS, GLENN L
EWER, ERIN D
EZELL, JOAN
FABBRO, JAMES M
FABRI, LOUIS
FAIR, WAYNE T
FALK, RONALD R
FANSLER, WILLIAM M
FARISH, DAVID
FARNUM, VINCENT L
FARRELL, MORRIS
FAULKNER, ELEANOR
FAW, THOMAS E
FERGUSON, SHIRLEY
FERNALD, DENNY
FERNANDEZ, KENNETH R
FIBERO, VERNON H
FIELDS, ROBERT W
FINK, KENNETH L
FINKS, WALDEN B
FINNEY, DOUGLAS M
FIRST FEDERAL SAVINGS
FIRST MONTANA DEV
FISCHER, GORDON H
FISHELL, GALE L
FISK, HENRY G
FISKE, MARGARET
FLEET MORTGAGE
FLORA, DAVID L
FLORENCE VICTOR PARISH
FLOYD, WILLIAM G
FLYING UP, SHARON
FOLEY, JOHN B
FOOTE, MICHELLE A
FORD, DARYL L
FOREMAN, FRED K
FOSTER, WILLIAM D
FOUST, EDSON L
FOUST, VERNON
FOWLER, LARRY
FOX, ARLENE
FOX, SHELIA K
FRANCIS, BILL R
FRANK, CYRIL F
FRANK, ARTHUR J
FRANKE, TRINA D
FRANZEN, HAROLD O
FREIBURG, EDWIN
FRENCH, THOMAS A JR
FRITZ, ARNOLD
FROHLICH, KARLA
FROST, ALFRED
FULLERTON, DAN
GABRIEL, EMMILEN E
GADDIS, MARSHALL
GAERTNER, RICHARD D
GANDARA, SYLVESTER
GARDNER, ROBERT C
GARLAND, ROBERT C
GAROUTTE, JAMES L
GARRETTE, ROBERT C
GARRIOCH, GORDON
GAUTHIER, JOSEPH
GAVIN, DOROTHY M
GEERING,CHESTER H
GEISEL, WILLIAM P
GERMAIN, MABEL S
GERRARD, KENNETH G
GIBSON, WILLIAM L
GIBSON, G A
GIBSON, THOMAS B
GILBERT, EBBA J
GILLAM, C I
GILLELAND, G C
GILLESPIE, NANCY
GILLESPIE, WILLIAM J JR
GILLETTE,ALBERT L
GILLIHAN, MILTON
GILMAN, LLOYD
GILMORE, CHRISTOPHER J
GLACIER BANCORP INC
GLANDER, ANNETTE R
GLASGOW, WESLEY R
GLOY, CHARLES L JR
GODDARD, JOHN M
GOETHE, JUDITH K
GOFFE, ALLAN W
GOLDMAN, LARRY
GONZALEZ, EDWARD T
GOOD, DANNY C
GOODMAN, DORIS M
GOODMAN, ROBERT H
GORDON, HARRY L
GORDON, JAMES
GRAHAM, CYNTHIA G
GRAHAM, PETER W
GRAINGER, CARL D
GRAINGER, BRIAN C
GRANT, EDWARD S
GRAY, WILL
GRAYSON, HEATHER
GREEN, CHRISTINE E
GREENE, ROBERT W
GREENSLATE, OTTO
GREENWADE, RICHARD
GREENWOOD, CLAUDEAN D
GRIFFITH, EVAN J
GRIFFITH, GREGORY
GRIFFITH, PATRICIA O
GRIMES, RAY R
GRIMME, RICHARD D
GROFF, DAVID W
GROSS, JOE W
GROSS, MARVIN
GRUEBELE, ALVIN J JR
GUNDERSON, EVA
GUNDLACH, MELODY C
GUNDLACH, EARL E
GUNN, RAY J
GUNSALUS, ERIC L
GURSKY, TERESA J
GUSTAFSON, LENNART K
GUTHALS, JENNIFER E
HAAGLUND, RICHARD
HAAKE, MARY
HAAS, DAVID
HACKER, GLEN R
HADAWAY, VIVIAN
HAFFKE, LAWRENCE C
HAGAN, ROBERT A
HAGGERTY, JAMES B
HAHN, LEWAVE
HALSTEAD, RAEANN S
HAMILTON, EUGENE C
HAMILTON,VIRGINIA A
HAMILTON, ERIC G
HAMILTON, BEVERLY J
HAMILTON, DALE
HAMMOND, JEROME H
HAMMOND, E M
HAMPTON, DOUGLAS
HANBY, JOHN R
HANDFORD, AGNES
HANKINSON, MARJORIE
HANN, WENDEL J
HANSEN, CARL J
HANSON, CYNTHIA M
HARBRIGE, CHARLES D
HARBRIGE, NANCY B
HARDESTY, ELMER L
HARDIE, TUBBIE M
HARDING, CAROLYN J
HARE, ROSS
HARMESON, JAMES K
HARPER, KAYLEN J
HARPER, NORA
HARPER, CHERYL A
HARRIS, JACK P
HARRIS, ROGER L
HARRIS, LINDA
HARRIS, JAN S
HARRISON, E L
HART, DAVID S
HART, EDDIE E
HARVEY, ERNEST C
HASBROUCK, SCOTT
HAWES, WAYNE B
HAYDEN, SHANE B
HAYES, H J
HAYS, CARMEN
HAYWARD, KAYE M
HAZELWOOD, SHERI
HAZLETT, KEN C
HEALY, FRANK C
HEATH, THEODORE J
HEAVELIN, MS JACK B
HEBERLEIN, EDWARD J
HEFFERMAN, J
HEFNER, PAT
HELLICKSON, GLEN
HENDERSON, THOMAS D
HENDERSON, JERRY
HENDRICKSON, ROBERT W
HENSEL, KEVIN W
HENSLEY, JASON H
HENSON, MICHAEL D
HERBERT, LORAN D
HERMANSON, EVA C
HERNANDEZ, REMBERTO A
HERNDON, CELIA
HERR, TIMOTHY A
HERRINGTON, ROSCOE L
HESCHELES, JEAN
HESS, H E
HETTICK, RAINEY R
HEYING, L B
HICKS, RALPH M
HICKS, LESLIE G
HIGGINS, SAMUEL B
HILDRETH, JOHN A
HILL, BOYCE B
HILLMAN, MARIA J
HINDS, MICHAEL
HINES, JAMES
HINTON, RICHARD
HIPPENMEYER, KARI
HIRSCH, JON H
HISGROVE, PHILIP H IV
HJELM, ELMER G
HJELM, GAEL
HOBBS, TOM W
HODGES, STEPHANIE J
HOFFS, ALLEN J
HOGAN, BRANDI
HOGG, KEELY K
HOISINGTON, KEN R
HOLLINGER, LISA
HOLLOWAY, ANGELIC D
HOLMS, ARCHIE J
HOLT, TOMAS A
HOLT, TIMOTHY O
HOLT, GEORGE H
HOLT, BERT
HOLTER, ERNEST L
HOLTHAUS-BAKER, MARY L
HOLZWORTH, MELVIN F
HOMME, PAULA A
HONOLD, GARY J
HOOK, ROD W
HOOPS, RICHARD L
HOPKINS, KAREN
HOPPER, VERA L
HORTON, TED J
HOSKINS, JAMES
HOSKO, CHRISTI L
HOTH, FLO
HOUCHEN, CHARLINE
HOUSEL, LEIGH A
HRDLICKA, JUDY
HUBER, JAMES
HUDSON, KAE S
HUDSON, JOSEPH L
HUGHES, DEAN L
HUGHES, LOUISE
HUGHEY, DALE L
HULL, ROLAND H
HUNSUCKER, ROBERT M
HUNT, ROSS E
HUNTER, MILDRED J
HURLEY, BLAIR
HURST, RICK D
HUSSEY, ROBERT D
HUTCHENSON, FRANK
HUTCHISON, RONALD D
HUTTON, YVONNE G
HYBNER, JOAN M
INMAN, RICHARD B
IVERSON, PAUL E
JACKSON, RITA B
JACOBSEN, LINDOR A
JAGIELLO, STANLEY J
JAKOBSON, DONNA M
JAMES, CHARLES E
JAMES, JOSH
JANSSEN, ARLO
JAQUES, DEAN D
JASPERSON, MICHEAL
JAZUPAITIS, PETER
JELLISON, WILLIAM L
JENKINS, JOSEPH T
JENKINS, ELIZABETH
JENKINS, DON
JENKINS, DOROTHY
JENNINGS, MARY R
JENNINGS, RUDYARD C
JENSEN, STERLING D
JENSEN, JERRY W
JENSEN, TAMRA E
JESCHKE, DONALD J
JODOGNE, FREDERIC
JOHNS, CLAIR M
JOHNSON, ROBERT G
JOHNSON, HOWARD E
JOHNSON,DONNA L
JOHNSON, GERALD W
JOHNSON, JAMES W
JOHNSON, HOWARD M
JOHNSON, JOHN R
JOHNSON, FRANK A
JOHNSON, ROBERT B
JOHNSON, LINDA L
JOHNSON, MARILYN J
JOHNSON, JANETTE L
JOHNSON, YVONNE F
JOHNSON, HAROLD E
JOHNSON, HARRY J
JOHNSON, R H
JOHNSON, SHERRI L
JOHNSON, T R
JOHNSON & LUND
JONES, CONNIE L
JONES, ALLEN
JONES, EMERSON M
JONES, LOREN D
JONES, JILL E
JONES, DON A
JONES, JAMES L
JONES, GARY H
JONES, GEORGE E
JONES, ROBERT C
JORDON, WILLIAM R
JORGENSEN, NORMA
JOSEPH, STEVEN
JOYCE, KATHERINE
KAFER, JAMES
KALLECHY, ROLAND K
KAMPKA, STEPHANIE B
KANNO, HIROYUKI
KARR, RICHARD
KAUFFMAN, JANE B
KAUFMAN, ROBERT
KEARNEY, WESLEY
KEIBLER,ROBERT R
KELLER, LESTER B
KEMPH, ALBERT M
KENNARD, CHESTER L
KENT, JOE
KERN, JAMES C
KERNS, ROBERT L
KERSTETTER, THEODORE H
KESKENY, ALEX M
KESSE, RONALD E
KESTER, HERBERT
KETCHEM, SHEILA M
KIMMER, RICHARD E
KINDRED, LARRY E
KING, JAMES L
KING, GEORGE H
KING, JANIE M
KING, SHANNON D
KING, ELIZABETH E
KIRKPATRICK, CAROLYN
KIRKPATRICK, STANLEY
KISSANE, GAIL
KITCHENS, BARBARA
KLOCKO, JOHN
KLOEPFER, WILLIAM S
KLUTTZ, CAROL
KNOPP, FRANK
KOCH, JOHN E
KOCH, ETHEL
KOERNER, R S
KOZAK, JAMES
KRAUSE, BRUCE F
KROLL, TOM
KRON, BARBARA J
KRONFOTH, WALTER G
KRUG, ROBERT B
KRUGER, JAMES C
KUHANEK, WILLIAM
KUNKEL, EDWARD O
KURTH, PAUL L
LAIR, ORLA E JR
LAMBERT, WAYNE A
LAMBERT, WILLIAM R
LAMBROS REALTY
LAMPE, JOHN W
LANE, RONALD K
LANE, WILLIAM D
LANGE, ROGER
LANGHOFF, A W
LANKHAAR, TONY
LANOUE, GARY A
LARSEN, IRIS
LARSON, ROSELYN H
LARSON, DAVID H
LARSON, C W
LARSON, ROY E
LARSON, LEIF M
LARSON, G E
LARSON, REGINALD A
LATIMER, DIANE
LAVELY, DIANE F
LAW, LARRY D
LAWRENCE, SAMUEL B
LAWS, BOB
LEACH, EARL F
LECOURE, MARCUS A
LEDFORD, ESTHER K
LEDUC, GRANT
LEE, JOHN W
LEE, LYNDON C
LEE, ROBERT A
LEEFLANG, PETER L
LEHEW, MARK S
LEHR, ROBERT R
LEMONS, GOMER H
LEROUX, KERRY
LEROUX, JEROME G
LETELLIER, YVONNE R
LETTERMAN, LARRY
LEVANDOSKE, ERNEST
LEVERTON, JOY L
LEW, JOHN
LEWELLEN, GARRY D
LEWIS, HAROLD L
LIEBIG, EARL
LIEDLE, DOUGLAS L
LIGHTNER, JOHN N
LINDLEY, DONALD E
LINDQUIST, WILLIAM
LISAC, JEFFREY D
LITTLEFIELD, ROBERT
LIVELY, SANDRA G
LOCATELLI, BATTESTA
LOCHNER, MONTI C
LOCKWOOD, JOHN
LOFTHOUSE, THOMAS W
LOMAS, STACY
LONDON, KAREN J
LONG, WILBUR L JR
LONG, IVAN M
LOOFBURROW, RITA
LORETH, FRANCIS M
LORING, LAURA H
LOVE, MICHAEL L
LOWRY, TIMOTHY G JR
LOWRY, WILLIAM
LOZIER, WAYNE G
LUND, CARL
MACE, EARL I
MACGREGAR, MALCOLM
MACKIE, CLAUDE R
MACLAY, GAIL E
MACY, DEAN
MADRUGA, JAMES M
MADSON, BRUCE A
MAGNUSON, JOHN E
MAGOON, JOHN H
MAGOUN, ADAM C
MAHER, ROBERT E
MAHONEY, JACK L
MAIER, TERRY
MAIER, ROSE
MAKI, EARL
MALEK, MAX J
MALLET, GARY D
MANCHON, MICHAEL R
MANGOLD, GEORGE L
MANLEY, DENNIS K
MANN, C T
MANN, LEEROY A
MANN, SUSAN E
MANUS, T M
MAPLES, JANICE
MARCHAND, DEANNA W
MARCUM, GEORGE
MARSHALL, STEPHEN B
MARSHALL, DONALD E
MARTIN, ROBERT C
MARTIN, WILLIAM J
MARTIN, BARBARA J
MARTIN, JOSEPH B
MARTIN, JACK J
MARTIN, CURTICE W
MARTIN, JOHN H
MARTIN, ROBERT A
MASON, STEVE
MATHENY, JIM
MATHENY, L D
MATTHEW, JAMES
MATTHEWS, BETSY J
MAVITY, PETER
MAXWELL, CARL
MAYGINNIS, JOHN
MAYHEW, JAMES
MCALISTER, JOHN
MCBRIDE, BERNARD W
MCCABE, D M
MCCARTHY, JAMES
MCCARTY, ALICE
MCCLAIN, HARRY U
MCCLAIN, MARY V
MCCLENDON, DUANE
MCCLOUD, KATHY
MCCOLLOUGH, WILLIAM A
MCCONKEY, ROBERT W
MCCORMICK, EVA C
MCCRAY, MARTHA
MCCULLOCH, DAVID B
MCCULLOCH, CHESTER
MCCURDY, GERALD L
MCCURRY, CLAYTON
MCDEVITT, LINDA M
MCELLIGOTT
MCENANEY, MICHAEL R
MCFARLAND, KERRY J
MCGILLEN, JERALD R
MCGOWEN, WILLIAM
MCGUIRE, JOSEPHINE
MCINTOSH, FRANCES D
MCINTYRE, RICHARD H
MCINTYRE, DUANE E
MCKAY, DONALD G
MCKIBBEN, WILLIAM L
MCKINNEY, BERNICE
MCKINNEY, TERRY D
MCLAUGHLAN, FRANCIS G
MCLAUGHLIN, CHARLES
MCLEAN, RICHARD W
MCMANN, VELMA O
MCMANUS, JOHN R
MCMASTER, DIANNA L
MCMILLAN, DOROTHY
MCPHAIL, JACK H
MCREYNOLDS,FRED A
MEANS, WARREN W
MEATHREL, HARRY
MEEKS, DONALD R
MEHUS, GEORGE
MEIS, LARRY
MERWIN, JAMES M
MESSER, EDWARD O
MESSERSMITH, LESTER
MEYER, LARRY R
MEYER, NANCY
MICHAUD, FREDERICK J
MICHELS, EDWARD C
MIKESELL, MICHAEL L
MILES, ALBERT
MILES, MORRIS
MILLER, BEVERLY
MILLER, BRANDT
MILLER, LEE M
MILLER, SHARYL A
MILLER, RICHARD C
MILLER, DEBRA L
MILLER, LORI A
MILLER, LEWIS F
MILLER, CHARLES W
MILLER, MARGUERITTE
MILLER, MAX E
MILLER, CHARLES A
MILLER & SOUTH
MILLS, ROBERT H SR
MINGS, BENJAMIN S
MITCHELL, FRED J
MITCHELL, RONALD W
MITCHELL, GARY L
MITCHELL, BEN
MITHOFER, MIRIAM A
MOCK,JAMES R
MOELLER, WILBUR
MONAHAN, G R
MONROE, CAROLYN
MONROE, ROBERT L
MOON, BARBARA
MOORE, DOUGLAS A
MOORE, CHARLES F
MOORE, JONATHAN
MOORHEAD, JOHN
MORGAN, DE V
MORI, SHIRO
MORITZ, HERMAN
MORRIS, DEE
MORRIS, H W
MORTON, PHILIP G
MORTON, W H
MOSER, TRACY A
MOTT, RICHARD
MOUSHEY, LOUANN
MOWBRAY, A R
MULLAN, DANIEL J
MULLER, DAVID J
MULLER, MARTIN E
MULLER, GERALD E
MURPHY, STEVEN
MURPHY, S W
MURRAY, MARVIN
MURRAY, HELEN
MURRAY, PETER S
MUTCH, DOUGLAS
MYERS, MERLE
MYERS, JOHN A
MYERS, ELIZABETH
NAGY, ELMER
NASH, JOHN F
NEAVES, ROBERT L
NEELY, LARRY
NEESHONEE, N/A
NELSON, THOMAS V
NELSON, JANIS
NELSON, WILLIAM J
NELSON, GEORGIA
NELSON, BURTRAM
NELSON, ALFRED
NELSON, LOUIS
NETTERBURG, ROBERT E DDS
NEUMANN, LARRY R
NEW, WESLEY D
NEW, TAMMY A
NEWMAN, WILLIS L
NICCUM, JAMES
NICHENKO, JEFF F
NILES, HELEN C
NISTLER, EUGENE E
NORTON, C R
NURSE, FRANK M
O’CONNOR, JANICE L
O’DELL, WOODROW B
O’DELL, DOYAL D
O’DELL, EDWARD E
OERTLI, LEONARD
OGREN, PAUL
OLIGNY, VAUGHN H
OLIVER, MICHAEL P
OLIVER, GEORGE H
OLSEN, DAVID
OLSEN, CHARLES E
OLSEN, LARRY D
OLSON, FRANK E
OLSON,CLIFFORD F
OLSON, EDWARD
OPAT, KATHRYN L
ORNER, ALLEN
OSTERMANN, LOWELL
OSUNA, ALFRED J
OTTERNESS, SANFORD E
OVERTON, ANN D
OWEN, DORETTA
OWENS, JAN N
OWINGS, J H
PACE, DELWIN I
PADDOCK, LYNN G
PADDOCK, ANNA M
PADGETT, RYAN N
PALMEN, HARRIET L
PALMEN, GERALD L
PAPE, JOHN
PARDEE, DAVID E
PARKER, ANDREW M
PARKER, DONALD T
PARKER, FREDERICK
PARKS, MERLENE
PARMENTER, WILLIAM D
PAROLINI, JUDITH J
PARR, HELEN M
PARR, SARAH I
PARRILLA, MARGARITA
PARROTT, DOUG
PARROTT, CARMEN
PARSONS, GEORGE R
PASCHE, BETTIE
PATE, WILLIAM M
PATTEN, IRVIN L
PATTEN, JAMES B
PAVICH, JOHN
PAVLICK,ANNE K
PAWLITSCHEK, DOROTHY
PAXSON, DOROTHY M
PAYNE,ROBERT E
PEARSON, RICHARD D
PEARSON, ROBIN
PECK, RAY J
PEDERSEN, RICHARD L
PEDERSON, JOSEPH E
PEGG, DAVID J
PENNER, JOHN
PEPPROCK, AMY D
PERNICANO, VENNERO S
PERREN, WILBERT
PERRY, NORMAN S
PETERSEN, DONALD W
PETERSEN, GARY J
PETERSON, BILLY E
PETERSON, ARNOLD E
PETERSON, DONALD S
PETERSON, U S
PETERSON, WILLIAM H
PETRI, EARL E
PFEIFFER, REBECCA M
PFLEGING, PHILIP M
PHELPS, LEE
PHELPS, RUTH
PHIPPS, ELMER
PICKENS, EUNICE
PIEKARSKI, WANDA J
PIERCE, M C
PIKE, JAMES
PILLING, WILLIAM S
PIPER, MARY J
PIPER, GENE L
PIRTLE, JOSH E
PLILEY, PHILIP L
PLUMB, VICTOR L
PLUMB, DELBERT H
POKORNY, RALPH
POLLMAN, YVONNE
POLLOCK, DALE A
PONTET, LUCILLE J
POPE, JACKSON R
PORTER, MICHAEL E
PORTH, DEBRA L
POTTER, HENRY G
POULSEN, BENJAMIN A
POWELL, AUDREY J
POWELL, MAX
PRICE, JESSE M
PRIES, KIM
PRINGLE, ROBERT A
PRITCHARD, N G
PROTO, CONSTANTINE
PROWELL, BRUCE
PURCELL, JIM
QUICK, DEBORAH L
QUIGLEY, GERALD
QUINN, CRAIG
RAE, DIANA R
RALLS, CHERYL N
RAMSAY, JAMES W
RANDOLPH, LORNA C
RANUZZI, F X
RASMUSSEN, HANS
RATHBUN, BEVERLY
RATLIFF, DOUGLAS N
RATY, S E
RAVER, WILMER H
RAWLINS, CAROL S
RAY, RUSSELL J
READER, CHARLES
READY, JERRY K
REAGAN, JOHN W
REAGLE, ARTHUR R
RECORD, C R
REED, GEORGE H
REID, ALBERT
REID, CHARLES W
REIMOLD, CARL
REIS, ELMER J
REISIG, KIM
RENN, IVAN V
RENTON, ROBERT E
REPLOGLE, CHARLES
REPLOGLE, DANNY C
REPLOGLE, OLIVER D
RETTALICK, LISA
REUSCH, RAYMOND H
REYNER, CHARLES A
REYNOLDS, SHERRY
REYNOLDS, DOUGLAS T
REYNOLDS, CARLOS L
RHODES, DALE R
RICHERT, ERBIN M
RICHIE, ROBERT
RICHTER, SCOTT E
RIEL, GARY D
RILEY, GEORGE R
RIMMEREID, OLIVER
RIO, JONI
RISHEL, LUCILLE
RIVER CREST RANCH
RIVERA, JED
ROBBINS, SHEILA
ROBBINS, GARY E
ROBERTS, JOHN H
ROBERTS,BRIAN C
ROBERTS, BETTY E
ROBERTS, ROBERT W
ROBERTS, LARRY P
ROBERTSON, JAMES G
ROBERTSON, BERNARD G SR
ROBERTSON, WAYNE N
ROCHE, WILLIAM W
RODRIGUEZ, CATHERINE J
RODRIGUEZ, DEE D
RODY, JOHN K
ROESNER, MARTIN F
ROHRER, GEORGE R
ROLLER, ROBERT L
ROMAN, RONALD J
ROMANSKI, WALTER
ROOT, SHAUN
ROPER, FRANCIS
ROSE, JULIE
ROSE, HAROLD A
ROSS, ARTHUR
ROTH, JOSEPH R JR
ROTH, LARRY P
ROYBAL, RALF J
RUANA, DENNIS SR
RUDKIN, HENRY A
RUE, KENNETH
RUMPLE, WILBURN L
RUPP, EARNEST
RUSH, MARILEE
RUSHING, JACQUALINE P
RYAN, DANIEL P
RYBOLT, EDWARD B
RYTTING, DARREL
SABIN, CRAIG A
SAEGER, JOHN E
SALTUS, PATRICIA
SANDERS, CHESTER E
SANDIN, CAROLE E
SATOH, MUTSUMI
SAULS, SEAN M
SAUNDERS, JERRAL
SAVAGE, SHARON S
SAVAGE, TERRY
SCARBROUGH, JOHN G
SCHAKE, ROBERT L
SCHEELER, PHILLIP B
SCHENCK, WILTON J
SCHIPMAN, JO L
SCHLOSSER, JOHN
SCHLOTMAN, JERINE
SCHMIDT, DENNIS A
SCHMIDT, HOWARD W
SCHMIEDEKE, CHARLES W
SCHMITT, PETER C II
SCHMITZ, PETER E
SCHOENFELDER, DONA
SCHOENING, LINDA
SCHROEDER, JAMES D
SCHROEDER, EDWARD L
SCHULTZ, JACK D
SCHUSTER, ALPHONSE
SCHWAB, LAWRENCE F
SCHWARTZ, ERNIE
SCHWARTZMAN, ROBIN
SCONYERS, HASKEL
SCOTHORN, RICHARD D
SCOTT, EDWARD G
SCRIVER, GERTRUDE L
SEAMANS, RICHARD JR
SEARLES, URSULA W
SECORD, KAREN
SEDGEWICK, GEORGE W
SEIFERT, ED
SEVERSON, IRVIN
SEVERSON, MELVIN
SHACKELFORD, BEN E
SHADDOX, WILLIAM R
SHARRON, BERNARD F
SHAULL, CAROL M
SHELDAHL, LEESA S
SHELLY, ROXANNE
SHELP, DONALD W
SHEPARD, PAUL
SHERMAN, ARTHUR
SHERRILL, A R
SHERRILL, THEODORE E
SHERRY, WANDA N
SHERWOOD, KIM
SHILT, WALTER J
SHINN, SHARON
SHIPP, JACK R
SHIVEL, GEORGE E
SHOOK, MICHAEL R
SHOOK, LEE
SHOURDS, CHESTER JR
SHRUM, GARY C
SHUGART, JOHN
SHULMAN, JOY
SHUPE, JAMES R
SIDES, FRED
SIGURDSON, ALLEN
SILLETTI, PAUL C
SILSBY, SANFORD E
SIMMONS, ROBERT
SIMPKINS, GEORGE T
SIMPSON, PATRICIA A
SIMS, EDWARD
SKALSKY, PETER N
SKARI, OLIVER M
SKAW, GLEN R
SKORPIL, KENNETH R
SKROCH, EMIL
SLADE, LYLE M
SLAUBAUGH, JOE
SMALLEY, ROGER W
SMALLWOOD, JOSEPH M
SMASNE, KATHRINE R
SMITH, IVAN D
SMITH, KENNEY D
SMITH, RALPH S
SMITH, ALAN D
SMITH, LESLIE R
SMITH, GARY R
SMITH, ROBERT E
SMITH, S B
SMITH, LEONARD R
SMITH, RALPH
SMITH, WILLIAM E
SMITH, WILLIAM J
SMITH, WILLIAM W
SMITH, DEREK D
SNELL, KELLIE L
SNELLMAN, GORDON
SNOW, DON
SNOWBERGER, CHRISTINE R
SNYDER, ERNEST D
SNYDER, WILLIAM L
SNYDER, PAULETTE N
SOELBERG, LEROY
SOLEM, DONALD
SOUTHARD, THOMAS G
SPAULDING, LLOYD
SPENCE, H C
SPENCER, KENNETH
SPILLAN, M A
SPLETSTOSER, OTTO
SPRINGER, HARRY
SQUIRES, WILLIAM M
STACY, JASON R
STAGG, EARL
STALLING, DAVID H
STAMPER, GAIL K
STANDARD FEDERAL
STANHOPE, RALPH W
STANSBURY MINING
STARK, MELVIN J
STARKWEATHER, JOHN R
STARR, JOYCE E
STAUTER,ROBERT D
STEELE, MICHAEL
STEELE, RAY
STEICHEN, JOHN A
STEINBACK, BRUCE
STEPHENS, BUFORD W
STEPHENS, GERALD E
STEPHENS, DAVID L
STEPHENSON, ELSIE B
STEPPER, C
STERNLOF, STEVEN
STEVENS, JUNE
STEVENS, WILLIAM A
STEVENS, RUSSELL L
STEVENS, C W
STEVENSON, L E
STEWART, JENNY L
STEWART, DWIGHT R
STEYEE, DENNIS G
STILLIGAN, MARY D
STINNETT, W L
STOCK, RICHARD L
STOCKERT, FLOYD L
STONE, FREDERICK L
STONER, DOUGLAS H
STOOS, GARY F
STRAND, ELEDA O
STREET, ROBERT L
STRITTMATTER, WOLFGANG
STRNISHA, MARGARET
STROHL, J H
STUART, DAVID J SR
STUART, ROBERT D
STUEHM, BARBARA
STURGIS, KENNETH
STURN, CHARLES A
SULLIVAN, PAUL H
SULLIVAN, ALAN
SUMMERS, DORIS L
SUMMERS, SADIE
SUTLEY, WALTER F
SWALLOW, WILDA M
SWANSON, CURTIS A
TALKINGTON, DEVLIN R
TANDY, LEANNE H
TANNER, R A
TANNER, STEVEN
TATUM, WILLIAM B
TAYLOR, WILLIAM F
TAYLOR, RANDY E
TAYLOR, LINDA
TAYLOR, JOHN L
TAYLOR, WARREN
TAYLOR, CHARLES F
TAYLOR, LEWIS E
TAYLOR, WARREN SR
TEICHROEB, JOHN C
TEMPLETON, ARTHUR
TEMPLETON, R E
TEMPLIN, SCOTT M
TENNYSON, DAMIAN N
TERBEEST, ELWOOD D
TERRY, BENJAMIN L
TERRY, JAMES G
TEW, FLOYD
TEYNOR, JOSEPH
THAMES, CHRISTOPHER
THANK, THOMAS
THEODORE, CARRIE L
THOFT, ROBERT A
THOMAS, MILDRED
THOMAS, ROSE A
THOMAS, RICHARD L
THOMAS, JOYCE D
THOMPSON, CLIFFORD L
THOMPSON, CECIL
THOMPSON, LYNN
THOMPSON, THELMA
THOMPSON, WALTER R
THORNES, KAY M
TICE, GARY A
TIFFIN, BUCK
TIMMEL, DONALD
TIMMONS, PATRICK C
TISCHLER, DONALD
TODD, PETER L
TOLCHIN, JEANNY
TOOMBS, JAMES M SR
TRACY, RALPH T
TRAMS, CHERYL L
TREIBER, ANNE
TRIEBER, ANNE K
TRIGGS, WILLIAM O
TRIMBER, LARRY G
TRIMBLE, GLENARD M
TROTTER, LINDA K
TRUITT, PAUL
TRYON, INA-MAI
TUCK, RALPH
TUCKER, H W
TULLY, CAROL
TURNER, DAVID L
TURNER, MICHAEL M
TURNER, HOLLIS O
TWOHIG, DANIEL J
TYLER, JOSEPH W
TYRRELL, NANCY
UELAND, TERESA C
UNRUE, MAXINE
UNTERSEHER, A W
VALENZANO, LENNY V
VALENZULEA, RHEA
VANDECAR, ALMA
VANDECAR, RAYMOND V
VANDERLINDEN, RONALD
VANDERPOOL, CANDY
VANDEUSEN, ORA L
VANG, PAO
VANG, CHEU X
VANMARLE, ANTHONY
VANN, WILLIAM A
VAUGHN, ELSIE
VELUSCEK, MARIO
VERMILLION, ANNSLEY B
VERNON, MELISSA L
VESSEY, JAMES K JR
VICK, BECKY S
VICKERS, LEILA
VICKROY, JOE C
VOGEL, WILLIAM J
VOGLER, PAUL F
VOGT, JOHN W
VOIT, VICTOR F
VOLLHABER, JOHN V
VONCOELLN, EMILY
VOSS, C H
WADE, THOMAS S
WADHAMS, BARBARA
WAGNER, MARK H
WAGNER, ANN C
WAGNER, DAVID E
WALKER, MONTE
WALKER, VIRGIL L
WALKER, BESSIE B
WALKER, DAVE
WALKER, DWAYNE
WALKER, TOMMY L
WALLACE, M
WALLACE, ROBERT J
WALLERS, WESLEY W SR
WALSER, RYAN M
WALSH, JACQUELINE G
WALSH, MARILYN J
WALTERMIRE, JAMES
WALTERS, RICHARD W
WALTON, KEITH
WAMSLEY, OMA
WAMSLEY, LOUIS V
WANDERER, LAWRENCE
WARD, EDWARD F
WARD, HENRY A
WARD, LLOYD S
WARD, RICHARD W
WARD RANCHING INC
WARFIELD, EMMETT J
WARNER, CINDY
WARNER, JAMES A
WARNER, SAM
WARNER, WILLIAM C
WARWICK, VANCE T
WATERS, THOMAS A
WATSON, BEATRICE
WATSON, JENNIFER L
WATTERS, PATRICK
WAXMAN, FRANK JR
WEAVER,NORMAN
WEAVER, JAMES
WEBB, RUTH
WEBER, DUANE “BUD” J
WEEKS, LEA C
WEIDOW, VEN
WEIDOW, BRENDA
WEINGARTEN, VICTOR
WELCH, ROSE
WELCH, DAVID E
WELLS, BARBARA J
WELTON, VIRGINIA C
WENTZ, CAROLYN
WENZEL, ROGER L
WERNER, JAMES E
WESSELL, ANNIE M
WEST, KENNETH L
WEST, JOYCE M
WEST, ANGA
WESTERN MORTGAGE LOAN CORP
WESTERN VERMICULITE
WESTERVELT, WAYNE
WESTMORELAND, JAMES
WETHERBEE, MERLAND B
WGN PARTNERSHIP
WHITCOMB, WARREN L
WHITE, WENDY J
WHITE, JOHN D
WHITE, AGNES L
WHITEHEAD, JAMES F JR
WHITEHEAD, JUDY M
WHITMIRE, DONALD L
WHITNEY, SADIE
WHITTLE, RICHARD
WHYSONG, VERLE
WICKLAND, KATHRYN
WICKS, WAYNE
WIEGAND, ROBERT
WIGEN, KENNETH
WIITA, ERNEST
WILDEY, ALYCE I
WILEY, REBECCA L
WILKERSON, HARLEY R
WILLIAMS, RONALD M
WILLIAMS, ROY N
WILLIAMS, RICHARD H
WILLIAMS, LESLIE A III
WILLIAMS, DALLAS R
WILLIAMS, CHARLES R
WILLIAMS, CLARENCE
WILLIAMS, HARRY L
WILLIAMS, MARSHALL D
WILLOUGHBY WATER
WILSON, JAMES K
WILSON, WILLIAM M
WILSON, CLIFFORD O
WILSON, VICTOR
WILSON, ROBERT S
WILSON, JOHN C
WILSON, GLEN
WILSON, J E
WINDSOR,MARGARET M
WINES, CLARENCE C
WINSHIP, L G
WINSOR, GERALD C
WINSTEAD, JAMES E JR
WINTERS, JAMES C
WINTERS, MARSHALL
WIRICK, KEITH A
WIRTH, EDWARD R SR
WISON, DEE A
WITBART, DELBERT
WITMER, MICHAEL
WOFFORD, ROBERT S
WOLF, FLOYD G
WOLF-KARSTETTER, WENDY
WOOD, JOAN
WOODARD, GRAYDON A
WOODARD, HARRY
WOODWARD, SHERRY J
WOOLSEY, VICTOR E
WOOTEN, PAUL K
WOOTON, ROBERT J
WORTHINGTON, LAWRENCE E
WRIGHT, ROBERT E
WRIGHT, MARK J
WRIGHT, KENNETH
WRIGHT, WESLEY C
WROBEL, JEAN
WYATT, JERRY C
YEARSLEY, WILLIAM J
YERIAN, JAMES I
YOKOM, RUSSELL J
YOUNG, BARBARA C
ZEMAN, KEVIN A
ZITO, JACK

Understanding Capital Credits

The first electric companies in the US were all investor-owned utilities. Every electric company was owned by private investors who bought stock in the new venture with the hope of making a profit. For obvious reasons those investors started with the big cities like New York and Chicago, then worked their way down to the smaller cities like Missoula, Hamilton and Stevensville. They had an opportunity to electrify the rural areas, but they declined because the investment was too high for so few consumers; so rural America had to wait.

The Rural Electrification Administration – the “REA” – was created during the Roosevelt administration in 1935 to loan out money to farmers and ranchers so they could develop “cooperatives.” Co-ops installed the poles and wire to deliver electricity to rural areas.

Today there are 1,000 Rural Electric Co-ops in the US. There are 26 electric Co-ops in the state of Montana. Ravalli Electric Co-op serves rural Ravalli County. (Not downtown Hamilton, Stevensville, Victor, and so on.) You cannot buy stock in an Electric Co-op. Every single Electric Cooperative in the country is a locally owned business. And every single not-for-profit Electric Cooperative uses an accounting system that includes Capital Credits.

In a perfect world a not-for-profit business could write a budget on January 1st to cover all expenses and end the year with a profit of exactly zero. In the real world we must always budget a bit more than projected costs, because we can’t predict the weather or big, expensive storms. So every year leftover profits may amount to as little as $10,000 or as much as $400,000 or more. And all those profits are gradually returned to consumers in the form of Capital Credit payments.

Every year the Co-op’s Directors look at the Co-op’s financial health and decide how and when to return Capital Credits. Some years the profits are too small to warrant payments. Other years when the profits are greater, the board has a few options. The board may decide to retain some of the profits to be used as working capital or to upgrade a portion of the electric system. And some Credits are returned to members in cash.

Historically, Ravalli County Electric Cooperative has paid Capital Credits in order of “first in, first out.” So the 1930’s were paid, then the ’40’s, the ’50’s, the ’60’s, 1970, 1971, 1972, 1973 and so on. Ravalli Electric has paid off all Credits due for all years up to and including 1994. (Most Co-ops around the country are similarly still paying Credits from approximately 25 years ago.)

For the years of 1997 thru 2008 the board of directors elected to change the formula for payments so the Co-op paid a portion of the oldest year on file and a portion of the new year.This change resulted in thousands of newer consumers getting a Capital Credit check for the first time. In 2009 the board of directors elected to change the formula back to the older years. In 2015 we were able to pay the remaining balance of 1993 and all allocated Capital Credits of 1994. By returning to this method we are now on a 20 year payback.

Some consumers assume that Capital Credits are like a savings account with cash set aside for each member. Actually, Capital Credits are in the form of hard assets – poles, wire, trucks and buildings. It would make no sense for the Co-op to pay back large Capital Credit payments and then borrow money from the bank to replenish working capital. Interest payments for borrowed money would be passed on to the consumer.

Returning Capital Credits is a balancing act. No one wants to raise electric rates in order to raise revenue available to pay back Credits. It’s better to keep rates as low as possible and pay back Credits slowly but surely.

Capital Credits Graphic