The Central Valley Electric Cooperative board of trustees has approved the return of allocated capital credits that were earned in the year 2001 totaling $2,692,353.77.
If you were a CVE member in 2001, and were allocated capital credits, a check and/or bill credit will be issued in early March.
As a not-for-profit rural electric cooperative, members share in the success of the co-op. Any revenue received by CVE that exceeds operating expenses is allocated to the membership and eventually returned. Disbursement or retirement of capital credits is determined by the board of trustees on an annual basis.
The retirement of capital credits is just one more benefit of your cooperative membership.
If you have any questions please give us a call at 575-746-3571.