As a cooperative member, you get back a portion of the amount you paid for electric service. Each year, funds are allocated to members’ accounts. Before they are refunded, however, the money is used to maintain, improve, and ensure dependable service. Since 1937, more than $20 million has been allocated to members.
When capital credits for the years you were a member are refunded, you receive your share, whether or not you are still a member. That is why it is important for you to provide a forwarding address each time you move so you can still receive payment.
To learn more, please check out our list of frequently asked questions about capital credits.
How Do Capital Credits Work?
Capital Credits of an Estate
Capital credits of a deceased member may be paid out to heirs in a lump sum upon completion of the appropriate paperwork. For further information, please call (800) 552-7658.
Unclaimed Capital Credits
Lake Region Electric Cooperative has several members who have not cashed their capital credit check, or we no longer know where they are located. Check out the list of Unclaimed Capital Credits sorted by name or sorted by city. If you have any information about people on this list, please e-mail lrec@lrec.coop or call (800) 552-7658.
Unclaimed capital credits owed to Minnesota residents fund foundations at local colleges. Capital credits owed to out-of-state former members are returned to the state.