Your board of directors recently approved the retirement of $1.21 million in patronage capital credits in 2017. People and organizations who were members of Lake Region Electric Cooperative in 1991, 1992, 1993, and 1994 are receiving capital credit retirements. The financial plan is to bring down the disbursement cycle to a 20-year rotation by the year 2020. The 2017 capital credit disbursement is another step in this direction. This will make five consecutive years in which Lake Region’s capital credit retirement has exceeded a million dollars!
Please see our Capital Credit FAQs to learn more about how capital credits work.