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YOUR DISTRICT 1 Kenny Knowles, President


DISTRICT 5 Ray Smith, Vice President DISTRICT 4


John Bruce, Jr., Secretary/Treasurer DISTRICT 2


Clair Craighead DISTRICT 3


Duane Henderson


DISTRICT 6 Wayne Hall


DISTRICT 7 Darla Young


DISTRICT 8 Marvin Wilkinson


DISTRICT 9 Gil Perkins


Tyson Littau, CEO John Meinders, Legal Counsel


LEADERSHIP N


CAPITAL CREDITS


orthwestern Electric Cooperative, Inc., (NWEC) belongs to you and our other members who receive electric service from us. Your ownership interest in NWEC is known as capital credits.


At the end of each year, if there are excess margins (profit) after financial ob- ligations have been met, we allocate them to the members as capital credits based upon their payments for electricity during that year.


When NWEC’s financial condition permits, your board of directors vote to pay out capital credits. This year, we are issuing $682,000 in operating margins to members who had capital credits allocated for electric service in 1998.


Last year, Western Farmers Electric Cooperative, Inc. (WFEC), our wholesale power supplier, returned $585,000 in capital credits to NWEC. This amount will also be paid back to our members who had electric service from 1977 to 1979. Collectively, we are returning $1,267,000 back to our members.


Active members will receive a credit on their April bill, unless the amount is over $600, then a check will be mailed. Inactive members will receive a check in the mail if their amount is over $10 or it is their final capital credit check.


Some checks go unclaimed due to addresses that are not current for former members. If you know someone who has moved, please ask them to update their address with us. Forms may be obtained from our website at www.nwecok.coop or by emailing us at cc@nwecok.org.


NWEC is an equal opportunity provider and employer.


6


April 2018 ● Northwestern Electric News


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