Operation
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Capital Credits
How Trico members help support their cooperative. Trico shares it financial success with its member/owners
Because Trico is a not-for-profit cooperative owned by the members it serves, each year any excess revenues after expenses are put into capital credit accounts for our members. The amount that is assigned to each account depends on the amount of electric energy that member has used during the year.
Once a year, notices are printed on members' bills indicating exactly how much has been allocated to their capital credit account for the past year.
Trico uses the funds in its members’ capital credit accounts along with borrowed capital to pay for materials, line construction, poles, trucks, etc., that are needed to provide electric service. Not having to borrow all the capital for these items helps keep members’ rates reasonable.
When the Trico Board deems the Cooperative to be in strong enough financial condition to do so, it returns a percentage of the money in capital credit accounts to the members.
Payment of capital credits is generally made during the last month of the year. The amount a member receives depends on the amount of electricity that member has used and how long he or she has been a member.