What are Capital Credits?
Riverland Energy Cooperative is a nonprofit organization. All money left over after the cost of providing service is returned to the members in the form of capital credits.
The Capital Credit program invests the margin in facilities to provide continued electric service until they are refunded to you, our members. As financial conditions permit, Riverland Energy Cooperative is on a combination 20 year FIFO (first-in-first-out) refund cycle. We also refund a percentage of all other years after your first three initial years of service.
The Riverland Electric Cooperatives board of directors authorizes all capital credit allocation and are based on annual member purchases or electric sales.
Please feel free to reach out to Barb Mathson, REC Accountant at (800) 411-9115 for more information relating to capital credits.
Listed below are the names of members who are entitled to capital credit refunds. Riverland Energy would like to return capital credits to those who earned them; otherwise, the unclaimed capital credits will be forfeited and assigned to the Federated Youth Foundation. These funds are then used in the cooperative’s scholarship and education programs. Claims may be sent to the cooperative by email to bmathson@riverlandenergy.com, by mail, or by calling 800-411-9115. Pursuant to Wisconsin Statutes Section 185.03 (10), you are hereby notified that Riverland Energy Cooperative of Arcadia, Wisconsin, has in its possession unclaimed funds belonging to you. You may claim these funds on or before September 25, 2023. You are further notified that unless you do claim such funds and provide satisfactory evidence of your right to receive the same, these funds will be forfeited to the cooperative.