December 4, 2013
At the October board meeting, the Board of Directors voted unanimously to retire $1.4 million dollars worth of capital credits back to our members. The 2013 retirement will benefit the members having electric service with MCEC from 2000 to 2012. The capital credit retirement checks will be mailed December 6th. With this retirement, MCEC has retired over $21 million dollars worth of capital credits to members since 2000. This is just one of the many ways your cooperative is different from other utilities. We are continually striving to provide our members with the best possible service, at the lowest possible price, while at the same time retiring capital credits.
The Board of Directors examines the financial position of the cooperative every year before determining whether to retire capital credits or not. There is never a guarantee that there will be a retirement of capital credits each year. As always, thank you for your patronage.