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Capital Credits

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From margins to patronage capital to capital credits

The profits of a cooperative are called margins. Because TCEC is owned by its members, we allocate our margins to the membership in the form of patronage capital. The allocation amounts are based on a formula that considers the amount of revenue paid to the cooperative by the member. Patronage capital reduces the amount the cooperative has to borrow because TCEC retains and uses patronage capital for operating capital. It is used until the financial condition of the cooperative, determined by TCEC's board of trustees, permits the co-op to issue a refund in the form of capital credits.

Returning patronage capital is a two-step process.

Step One: Allocation

First, an allocation determines each member's share of the cooperative's margin for a given year. Margins are allocated—or assigned—to members who purchased electricity from the cooperative during the year in which the margin was generated. The co-op keeps a permanent record of each member’s capital credit account, which is where the allocated amount remains until it is paid—or "retired."

Step Two: Retirement

After reviewing the financial health of the cooperative, the board of trustees may declare a retirement, at which time all or part of each member's allocated amount is paid. When patronage capital is retired to the  member, it becomes capital credits.

Claiming your retired capital credits

TCEC mails a check to members for capital credits. Even if the member has moved and is no longer a member of the cooperative, the capital credits remain in your account.  Be sure to update your mailing address with TCEC if you move so we can send future capital credit checks to the correct address.

Members or former members on this list have been issued a capital credit check that was returned to the cooperative. For individuals on this list, we would like a current address to refund these capital credits. Please complete the unclaimed capital credits form.

For any deceased individuals listed, the personal representative for the estate has the option to obtain only retired capital credits and receive future retirements as they occur OR they can request the total allocated capital credits at a reduced present-day value, this option will pay the reduced balance owed and close the account. If the personal representative opts for the reduced amount, the request for early retirement of capital credits form will need to be completed.

If you have questions regarding capital credits or contact information for any individuals on the unclaimed list, please contact us at 580.652.2418 or info@tcec.coop.
 

Bylaws and Patronage Capital

Section 7.02 of the cooperative's Bylaws covers patronage capital. If you have questions about capital credits, contact us.

 

A list of members or former members who were issued a capital credit check that was returned to the cooperative.

Unclaimed Capital Credits List

 

Form to claim capital credits.

Unclaimed Capital Credits Request Form

 

Early retirement request for deceased members.

Early Retirement (Deceased)

 

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75-Logo-TCEC

Our office hours are 8 a.m. to 5 p.m., Monday through Friday. Members can report outages 24x7 by calling 580.652.2418 or via the TCEC SmartHub app.

Toll Free: (800) 522-3315 Local: (580) 652-2418 Fax: (580) 652-3151

Mailing address:
P.O. Box 880
Hooker, OK 73945-0880

Street address:
995 Mile 46 Road
Hooker, OK 73945-0880

Delivery address:
4612 Road J Hooker
OK 73945-0880

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©2021 Tri-County Electric Cooperative | 580.652.2418 | info@tcec.coop.

  • MY SERVICE
    • SmartHub Account Online
    • Pay Now - One Time Payment
    • Payment Options
    • Payment Assistance
    • Ways to Save
    • Start, Stop or Transfer Service
    • Rates
    • Capital Credits
    • Update Contact Info
    • Account Security
  • OUTAGE CENTER
    • Outage Preparation
    • Report Outage
    • View Outage Map
  • RENEWABLES
    • Electric Vehicles
    • Rider R - Renewable Energy Program
    • Community Solar
  • OUR COMMUNITY
    • Co-op Connections
    • Donations
    • Youth Programs
    • Request Speaker
    • Safety
    • Economic Development
  • OUR COOPERATIVE
    • About TCEC
    • Board of Trustees
    • Careers
    • News
    • Publications
    • Virtual Town Halls
    • Rules & Regulations
    • Tariffs
    • Bylaws
  • CONTACT TCEC
    • Contact Us
    • Oversize Load Form