Among the perks of Cooperative membership includes sharing in the margins of the cooperative. As financial conditions allow (usually on a 20-year cycle), the Board of Directors will retire, or “pay,” equity capital credits due to members who paid for power in a given year.
Unfortunately, it is not uncommon for members to move prior to receiving their capital credits. If a valid address is on file at St. Croix Electric Cooperative, the Co-op will ensure capital credits are mailed to the former member once the credits are retired. However, if after four years a member cannot be “found,” their portion of the capital credits are deposited into St. Croix Electric Cooperative’s Federated Youth Foundation account to be used for scholarships and other charitable purposes.
Members may also contact SCEC to have their capital credits automatically retired into SCEC’s FYF account.
A list of Individuals and organizations who were Co-op members in 1997 issued capital credit payments and/or membership deposit refunds in 2018 through the General Capital Credit Refund program who did not cash their checks can be found here: Unclaimed Funds List | St. Croix Electric Cooperative (scecnet.net) (or under the My Co-op dropdown menu)and will also be inserted in the 2021 Capital Credit Allocation Statements that will be mailed to members July 8, 2022.
If you recognize a name on the list, please alert them and ask them to contact us using the information below. There is information we need verified DIRECTLY by the individual or organization.
If YOUR name is on the list, please contact our Capital Credits Team via email or 715-796-7000 to verify your identity and provide a current address and phone number.