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Capital Credits

What are capital credits?

CHELCO has been your community’s not-for-profit, member-owned electric cooperative since 1940. We do not create profits for shareholders like investor-owned utilities. At CHELCO, we have capital credits, which are your ownership in the cooperative. Capital credits are one of the many benefits of being a member of an electric cooperative.

At the end of each year, after all operating costs and expenses are paid; CHELCO places any remaining revenue that it has from furnishing electric energy into capital credit accounts. Because CHELCO is a member-owned, not-for-profit cooperative, it uses these funds to help fund its operations, build electrical facilities and for other capital items. These funds represent our members' ownership or equity in the cooperative. We keep track of each member's share of the margins in a capital credits account based on the member's usage with CHELCO. The amount varies from year to year. 

In time, and when the Board determines that the financial condition of CHELCO will not be impaired, CHELCO returns each member’s share of the equity in the form of a capital credit retirement. Watch CHELCO News for announcements of capital credit retirements.

“At CHELCO, we are powered by our members,” says CEO Steve Rhodes. “Each member is an owner in our cooperative, each trustee on our board is a member and we operate in the interests of our members in all we do.”

Since the beginning, CHELCO has retired more than $27 million in capital credits to members. We notify our members via mail, email, newsletters, local papers and other advertisements.

Please always keep CHELCO informed about your current address so that if and when capital credits are retired, we can contact you.  You may send us this information at or call (850) 892-2111.


I may have missed my capital credit, how do I find out?

If you are a member or previous member and believe you have not received a capital credit check due to moving or an address that has not been updated with CHELCO, then you may fill out a form to request review of the account.  A copy of your driver license is required.

If the member is deceased, you may claim capital credits by providing a copy of the death certificate and driver license of the person legally responsible for the deceased member’s estate. 

To start the process please email or call (850) 892-2111.


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