MESSAGE FROM MANAGER - GENERAL RETIREMENT OF CAPITAL CREDITS
There are many unique features of an electric cooperative that make us different from other electric utilities; the most distinguishing being that we are owned by those we serve (our members) and return all profit margins back to our members in the form of capital credits.
Vigilante Electric, by law, is a non-profit organization. After all financial commitments are met, the remaining margins are credited back to the membership. Margins are allocated to members as capital credits based on their purchases from the cooperative, or patronage. When financial conditions permit, a general retirement of capital can be made. The Capital Credits, allocated for a particular year or years, will be paid to the individual member.
Vigilante Electric will be retiring capital credits for 2008. If you are a current member and are owed capital credits from 2008 and those credits are less than $50, you will be issued a credit on your electric account. If the value is $50 or greater you will be mailed a check scheduled to be mailed the week of December 1st.