FARGO, N.D. (Cass County Electric) – Cass County Electric Cooperative is excited to announce that it will be returning $2 million in capital credits to its consumer-members who paid for electricity for the years of 1996-1998. Cass County Electric Cooperative’s Board of Directors approved the retirement at their January 2020 meeting. This retirement of $2 million is the most significant one-time retirement in the history of the cooperative.

Cass County Electric Cooperative is a not-for-profit organization, meaning we operate at cost, and any excess revenues, or margins, are returned to our consumer-members in the form of capital credits. Since our inception, Cass County Electric Cooperative has retired more than $23 million.

Active consumer-members: In March, capital credits earnings will be applied, but reflected on your February billing statement. Notification of the allocation will be included with your billing statement. Inactive consumer-members: Capital credit checks are typically issued in March. Retirements for less than $5 are returned to the equity of the cooperative and will not be mailed out.

How does the Capital Credit process work?

1. Cass County Electric Cooperative keeps track of how much electricity you buy and how much money you pay for it throughout the year.

2. At the end of the year, the cooperative completes financial matters and determines whether there are excess revenues, called margins.

3. Consumer-members receive a portion of the margins as capital credits based upon the amount of revenue each consumer-member contributed throughout the year.

4. When Cass County Electric Cooperative’s financial condition permits, your board of directors decides to retire, or pay, the capital credits for previous years.

5. The cooperative notifies you of how and when you’ll receive capital credit retirements.

Visit CassCountyElectric.com/capital-credits to see if you have capital credits waiting for you.