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Capital Credits

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Co-op Membership Pays

Did you know you actually own Tri-County Electric Cooperative? As a member-owner, you are entitled to margins, also known as the Co-op’s profits. These are called capital credits and are returned to you in the form of a check or a billing credit. That’s because the Co-op uses that money to improve electrical infrastructure. When capital credits are returned to members, you are seeing the return on your investment. This is one of the benefits of being served by a non-profit utility.

For more information, contact Carol Timmons:
850-973-8033 or Email

 

Things a member should know:

  • Your capital credits are reserved for you even if you discontinue TCEC services. We will attempt to reach you at your last known address when refunds are issued.
  • To claim a check returned by mail, or request re-issue of a lost check, you must provide valid identification.
  • If you call to establish a new service in the future, tell us if you’ve previously been a member to keep our records current.

 

Frequently Asked Questions about Capital Credits

 

 

Unclaimed Capital Credit Checks

TCEC makes every effort to ensure our members receive the Capital Credits they are due. To accomplish this, it is very important for TCEC to have your current mailing address. Many of the check are returned by the U.S. Post Office marked as undeliverable. If you see your name below, please call Tri-County Electric at 800-999-2285, ext. 1203 to claim your check.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

ABNEY TOM
ADAMS HAROLD
ADAMS LARRY
ADT DOCK & FLOTATION ENT
AGRI-PRODUCTS INC
AIKENS CHRISTELL
ALDAY ANITA Y
ALDAY JACK O
ALEXANDER ADA
ALLEN CARL
ALLEN LORI
AMES ANDREW
ANDERSON HELEN M
ANDERSON RON
ANDERSON VIRGINIA ANN
ANGELO CHRISTOPHER
ARNOLD ROSA LEE
ASBURY THOMAS (MRS)
AUSTIN BILLY C
AVANZINI ANDREA

BAGWELL ROBERT
BALDWIN EVELYN E
BALL J M (DR)
BALL LINDSAY
BARBARA MEMORIAL CHURCH
BARFIELD DUB
BARND R M
BARNES DAVID
BARNES JOYCE
BARNES JOYCE
BARRETT PATRICIA M
BARRIER JAMES B
BARRON CURTIS W
BASS AUDREY W (MRS)
BASSETT W W JR
BATTEN MICHAEL A
BEALS KEVIN L
BEAVER E A
BEEMAN H D
BELCHER MARY EDNA
BENDER DAVID R & JOAN
BENGE JOHN J
BENNETT BILLY RAY
BENNETT ROXIE L
BETSY NAOMI
BEVILLE JOHN JR
BISHOP JACK B
BISSEY NOVA M (MRS)
BLACK KATHRYN E
BLAIR DONALD I
BLAKE RUTH (MRS)
BLAZO CHARLES
BLINSTRUP TERRY
BLUE SPRINGS PRIMITIVE BA
BOATWRIGHT CYNTHIA N
BOHANAN VICKI L
BOLAND ALMA
BOLTON-WARD SANDRA
BOND BILLY
BOONE CHARLES
BOOSER RON & JOAN
BORGHESE PETER
BOWEN BONNIE J
BOWIE VINCE
BOWMAN JAMES R
BOYD ALLEN JR
BOYINGTON ANGIE
BOYINGTON CHRISTINA
BRAGG CLYDE R
BRANCH FREDDIE
BRANNEN G Y
BRANTLEY RONNIE
BRASWELL WM STANLEY
BRATCHER VIVIAN
BRENNER J W
BREON CLEO P
BRIDGES J E & NOLA
BRIER LUTHER P
BRINSON ROSA LEE
BROCKMAN HARRY LEE
BRODGON RONNIE M
BROOKE JAMES
BROOKS GLENN
BULLOCK ALAN
BURCH JOSEPH E

CALLAWAY DON
CAMBRIC BERTHA
CAMPBELL CLIFFORD A
CAMPBELL DAVID
CAMPBELL GERALDINE
CAMPBELL JOHN
CANNON RANDALL EARL
CARR PATRICK
CARSON KENNETH I
CASA BIANCA YOUTH CLUB
CASSELMAN JESSE
CAWTHON JERRY W
CEDAR HOME BUILDERS INC
CHAPARRAL STEAK HOUSE
CHESHIRE LISA S
CLARK JOEL
CLARK JUDI
CLARK ROBERT JR
CLAVERIE J LINCOLN
CLOUD RAYMOND
COCKERHAM FREDDY O JR
COLLINS LEONA J
CONNELL MARY ELIZABETH
CONNER DOYLE
COOK JOSEPH B & GLORIA J
COOK ROBIN L
COOKS MICHAEL
COOPER DONALD S
COOPER LENA L
COOPER STEPHEN
COPELAND W B
COPELAND WALTER S
CORBIN CHERYL
COREY EDWARD J
CORNING MICHAEL J
COTRELL BRYAN
COULLIETTE MICHELLE M
COUNCIL OWEN
CRAIG MARCIA
CRIBBS MARSHA H
CRIDER ROBERT LEE
CRUCE FRANKIE C
CRUMITY CARRIE M
CRUMP JONATHAN C
CRUVER JAMES R
CULVER CHRISTOPHER
CUPPETT LORI

DAHL JIM
DAVIS BILLY JOE
DAVIS GARRY
DAVIS JAMES L
DE MEMBER JOE
DECKER DEALVA (MRS)
DEIHL EARL SR
DELAHUNT MICHELE
DELLER MARK
DEMING ROBERT
DENNIS NADENE
DERAY JIMMY W
DIETZ CHRIS
DINGMON CHARLES E
DISPENSA BRENDA
DIXON KEN
DOBBS JESSE
DOBSON JUANITA
DOYLE FRANK W JR
DRAWDY TOMMY
DRIGGERS DALE
DRIGGERS LESLIE W
DRIGGERS MELESSIA
DRIGGERS NAOMI K (MRS)
DUNBAR JOSEPH S
DUNCAN ROBIN
DUNCAN VICTOR
DUPUIS MARC
DURDEN VERNON
DUTY GERRELL
DYAL THOMAS
DYER CLIFTON

EARNEST ANN
EGYED EILEAN
ELLIOTT DAVID W
ELLISON PROPERTIES
ELROD RAYMOND G
ERVIN TOMMY
ERVING JOHANNA E

FAIRCLOTH HEIDI D
FARLEY PAULA M
FAULKNER SARA C
FERRELL GARY
FEWOX MARY (MRS)
FISHER JOHN
FISK LARRY
FLEMING FREDDIE
FLETCHER JEFFERY A
FLOYD MADELON
FORD MARK
FORRAR LENA
FORTUNE VINCE
FOX RAY
FRALEY JEWETTA R (MRS)
FRANKLIN BRADY L
FRANTUM FRED V
FRAZIER MELODY
FRENCH RAY
FRYE GARY
FRYFOGLE NORVILL R

GAGNON MARIE
GIBBS KATHERINE
GIBBS PLANT FARM INC
GILLEY CRAWFORD
GLEASON EVA L (MRS)
GODINEZ PABLO
GOMOLA JOHN J
GONZALEZ LETICIA L
GOODLET J S
GOODMAN BOBBY
GORBY LONNIE
GORDON H L
GOSSETT ROBERT C SR
GOULDING JON A
GRAHAM GEORGE
GRANTHAM JIMMY
GRANTHAM MARK
GRASSO WILLIAM L
GRAY CARLTON JR
GREENWOOD JAMIE
GRIER MARLIN
GRIFFIN A H
GULF BREEZE TRAILER PARK
GUTH RUTH
GUZMAN LETICIA
GUZMAN NANCY JANE

H & S CONTRACTORS INC
HAGAN GWENDOLYN L
HALL HAROLD
HALL IRA H
HALL KENNETH G
HALL MARSHA T
HALL W MCLAURINE
HAMILTON ERIKA
HAMMOND BRET D
HAMPTON CHRISTOPHER J
HARLEY KINNEY
HARMON VERNON
HARRIS TOMMY
HART ERNEST J
HARTY LISA A
HASELTON WILLIAM
HATHCOCK DONALD
HAWES RONNIE & SHEILA
HAWKINS EMMA
HAYNES PATRICK
HAYS CHARLES
HEADLEY MARGARET D
HEINZE UDO
HENDLEY SAM
HENDRY DOZIER B
HERSHBERGER JANIE
HIGHSMITH JAMES & SANDRA
HILL DEBORAH J
HIRES MARIE
HITCHNER BRENDA
HOBBS BETTY (MRS)
HOLLAND JOANN
HOLLAND SHERRY
HOLTON CARON
HOOD MARILYN R
HOOPER WILLIAM
HORD ALSIE
HORNE JASPER M
HOWARD JACK
HUGGINS DAISY M
HULEN ALBERT
HUMPHREYS STANLEY
HUNTER CHARLIE
HUNTER DELORES H
HUNTERS HAVEN & ROD & GUN
HURKALA ANTHONY
HUTCHINGS JAMES A
HUTCHINSON CONSTRUCTION
HUTCHINSON GERALD
INGRAM L EDGAR

JACKSON EARL BRADLEY
JACKSON WILLIE LEE
JACOBS CHARLES J
JENKINS J A
JENKINS SILENA
JOHNS JANELLE
JOHNSON BUDDY
JOHNSON DAVID
JOHNSON JAMES B & CHANTEL
JOHNSON MARY
JONES CASTELLO
JONES KIMBBERLI M
JONES LEO
JONES RON
JORDAN TIM & MARLA
JUSTICE JUDY C

KENNEDY DELORES
KILPATRICK DANNIE A
KING EVELYN K (MRS)
KINGERY DAVID
KINSEY JIMMY
KINSEY MICHELLE
KIRBY JANICE
KIRK GAYLE M
KNACK WAYNE
KNIGHT CHARLES R III
KNIGHT EDDIE
KNIGHT SUE
KNOWLES BETTE
KOENIG PATRICIA
KOHLER WILLIAM
KRYSIEWICZ CARLA

LANGFORD SAMUEL
LARICK TERESA
LATHAM ROBERT
LEE DORCIA D
LEFTHERIS C N (REV)
LEVINGSTON WESLEY L
LEWIS M C
LEWIS RAYMOND T
LICHTVELD LEONARD A
LINDSTROM VERA E
LITTLE CHESTER R
LITTLE JOHN
LITTLE VINCENT P
LITTON WILCE
LIVIERI ARTHUR
LOCKHART MICHAEL
LOFTIS FORREST
LOGUE THOMAS O (DR)
LOPEZ MARIA
LOVAAS ANNA B
LOWERY DENISE
LUMBATIS LEWIS

MAGUIRE SAMUEL F
MAJORS JOEL E
MANAGAN R MICHAEL & YVETT
MANGUM ALICE
MANN JERRY
MARCHANT RONNIE
MARKHAM MARTHA
MARTIN CLARENCE W
MARTIN DANNY & BONNIE
MARTIN ELIZABETH A
MARTIN REMIGIO
MARTINKO ELDA
MASON DENNIS
MATCHETTE JIM
MATHEWS DEE
MATHIS WILLIAM
MATTAIR RONALD E JR
MATTAIR STEPHANIE D
MAY WILL G
MCALLISTER HOWARD G
MCCALL JERI D
MCCLELLAND PHYLIS
MCCONNELL MARYBETH
MCCORKLE JIMMY M
MCCRACKEN RALPH
MCCUE STEVE & BETH
MCCULLEY BONITA
MCDONALD GREG & JULIA
MCKENZIE CARL E JR
MCLEESE SHARON E
MCLEOD ERICK
MCLEOD HERMAN N
MCMULLEN CORA D
MCNICHOLS ROBERT
MELDREM LLOYD T III
MILAM MICHAEL D
MILLER CHARLES A
MILLER CHARLES R
MILLER INEZ F
MILLER JERRY G
MILLER LEO & BARBARA
MILLER LORENZO
MILLER NETTIE JANE
MILLER REGINA D
MITCHELL DAVID V
MITCHELL DONALD
MITCHELL JIMMY RAY
MIXON A DEAN JR
MONTGOMERY CLYDE
MOON EARL C
MOORE BOBBY G
MOORE JOE JR
MOORE LOUISE P
MOORE SHARON
MORGAN JOHN A
MORGAN PATSY
MORRIS JANET M
MOTTER RONALD G JR
MOWERY JAMES L
MURRAY IRRIA MAE
MURRAY SONYA
MUTCH WILLIE

NELSON EDNA
NOBLES MELANIE
NOEL CAROL

OBENSHAIN JO ANN (MRS)
OBRYAN MICKEY
ODOM TED L
OLLER CALVIN

PADGETT SHERRY
PAGE DAVID W
PALMER SYBLE
PAMPEL CHRISTINA
PARKER CASSANDRA
PARKER GWENDOLYN MILLS
PARKER JOYCE M R
PARKER LOTTIE M
PARKER ROBERT
PARKS WILLIAM W
PARSONS HAZEL E
PATEL BINAKUMARI J
PEAK JAMES
PECK MARLENE
PENDLAND JAMES
PENNY JANIE R
PERKINS JOHNNIE
PERRY LUMBER CO INC
PETERSON MILDRED G (MRS)
PETERSON WANDA
PHILLIPS THOMAS L
PIPPIN JOHN W JR
PITTS JACK P
PITTS W E JR
PLATT EVELYN
POITEVINT GLEN & SUSAN
POOLE FREEMAN
POPPELL BETTY
POWELL HAROLD P
POWELL PHYLLIS J
PRIDGEON ALVIN JR
PRIEST TROY
PUCKETT ROBERT
PURKEY MICHAEL
PURSLEY ANNIE LEE

QUICK RODNEY L

RADDAR AMY
RATLIFF KEITH & LYNN
REAMS DONNA
REHMUS OTTO W
RENFROE PHILLIP
RENZ SAMUEL
RIVES J V JR
ROBINSON SADIE
RODDAN GLENN JR
RODGERS ANGELA A
ROGERS KAREN
ROUNDS LEE ANN
ROUSH FREDA
RUDD MICHAEL D
RYE BONNIE

SADLER HARVEY
SADLER WARREN E
SADLER WILLIAM CHARLES
SANDS HENRY & BETTY
SANDS THERA
SARGENT W D & BARBARA
SATTERWHITE BILL
SAUNDERS ELZORA
SCHAEFER GEORGE
SCHAFFER CAROL
SCHNEIDER RICHARD
SCOTT HERBERT
SCOTT MARGARET Z (MRS)
SCRIPPS HOWARD CABLE COMP
SENN LINDA
SESSIONS JOAN
SHAPER JAMES E
SHEA CINDY
SHEALY MARTHA
SHIELDS MELISSA
SHIVERS KAREN
SHORTT JOHN N
SHULER PATRICK
SHURLING ROGER E
SILVERS FERN (MRS)
SIMMONS MICHAEL
SIMON LEON J
SINCLAIR ALLEN L
SLAUGHTER HENRY F
SLAUGHTER JERREL
SMALLEY CHARLES
SMITH CHARLES L
SMITH FRED L
SMITH FREDERICK A
SMITH GAYLE
SMITH HENRY L
SMITH HOMER OR CAROLYN
SMITH JOHNNY M
SMITH PAT
SMITH ROBIN
SMITH TERRY
SMITH TIMOTHY
SMITH VIKKI
SMITH WILLIAM LAMAR
SMITH WILLIAM RONNIE
SNIPES SHAWN P
SOBODOWSKI PAMELA
SOUTHERLAND LINDA A
SPEARS PATRICK
SPIVEY WILLIAM R JR
STAPP THOMAS F
STEINBRENNER CATHERINE W
STEPHENS AGATHA L
STEPHENS GARY
STEPHENSON RICHARD
STEVES WILLIAM M
STEWART DIANE
STRICKLAND CHARLOTTE
STROP WILLIAM L
SULLIVAN DONNA S
SULLIVAN KATHY
SULLIVAN M P
SULLIVENT ERNEST E

T & J BIG BIRD RANCH
TANTON J ALLEN
TAYLOR FRANK
TAYLOR GENE E
TAYLOR JOHN P
TAYLOR KERMIT I
TEDDER JAMES
THOMAS DONALD (MRS)
THOMAS MOBILE HOMES
THOMLEY THOMAS & SHEILA
THOMPSON ALICIA
THOMPSON CULLEN K
THOMPSON LES
THOMPSON TED & CHARLOTTE
TILLMAN DZONDRIA M
TODD JUDY
TOOKE WILLIAM VERNON
TORRANCE GENE & TINA
TOUCHTON JEFF
TOWLER MARIANNE
TREE CAPITAL LAND DIV INC
TSANGARIS JOHN
TURK HUGH K
TURKNETT DAVID & SUEZAN
TURNER CAROL A
TUTEN ALEX
TYRE GENE

U S SPRINT
UNITED STATES CELLULAR

VINING DONALD
VIRGIL ESSIE MAE

WAKEFIELD GARRETT
WALD GENA R
WALDON KEITH
WALDRON BETTY
WALKER EDWARD L JR
WALKER G RAYMOND
WALKER HELEN
WALKER JOHN GLEN
WALKER LUCILE
WALKER MYRTIE
WALLACE RONALD
WALTERS CLIFF
WALTHALL ALMA
WALTON MARK
WARE CLYDE
WASHINGTON M RUFUS
WATERWORTH NANCY P
WATSON CLAUDE
WEATHERSPOON MARTHA
WELCH RONALD L
WELLS WILLIAM P JR
WESTLUND JUDY A
WHARTON REBECCA
WHIGHAM DALE
WHIGHAM JOHN
WHITFIELD BRYAN
WHITTY S C
WICKER J E
WILEY R EUGENE
WILKINS JOSEPH
WILLIAMS CALVIN
WILLIAMS DEBRA P
WILLIAMS EDDIE
WILLIAMS IRENE
WILLIAMS JEFFREY
WILLIAMS JUDY
WILLIAMS LYNN & DAVID
WILLIAMS OTIS L
WILLIAMS TOM F
WILSON CHARLES B
WILSON JULIA H
WILSON RUSSELL
WINTERS CORA N
WOOD KRISTIN
WOODSON MAMIE
WORTHINGTON BYRON
WREN ODDIS

YATES TONIA R
YODER SAMUEL
YOUNG MITCHELL

ZIEGLER ETHEL

 

 

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What are Capital Credits?

Capital Credits reflect each member’s ownership in the Cooperative. Tri-County Electric Cooperative does not earn profits in the sense the investor-owned utilities earn profits for their investors. Instead, any margins or revenues related to the sale of electric service remaining after all expenses have been paid are returned to the Cooperative’s members in proportion to their electrical usage.

Tri-County Electric Cooperative uses the first-in, first-out (FIFO) method.


What happens if a member or former member fails to claim their check?

If any member or former member fails to claim any check representing retirement of capital credits within two years after payment has been attempted and 60 days has expired from the date of publication in the Cooperative’s newsletter or in a local newspaper, such failure shall constitute an irrevocable assignment and gift of such credits to the Cooperative. All donated funds go to unclaimed capital then, at the discretion of the Board of Trustees, up to 25% of all such funds may be paid to the Cooperative’s Energizing Education Scholarship Fund or a qualified educational charity as selected by the Board of Trustees.


Distribution of Patronage Capital of Deceased Patrons

Effective June 1, 2013, the appropriate representative of a deceased Cooperative member’s estate can select one of two options for processing allocated capital credits:

  1. Continue to receive distribution of capital credits at full value during the regular retirement cycle, or
  2. Receive a lump sum discounted capital credit refund. The discount rate will reflect the present value of an amount that would otherwise be received in the future to reflect the time value of money.

What happens in case of a deceased member?

TCEC bylaws/ policy provide for the option of an early retirement of the capital credits of a deceased member to his or her estate. Representatives of a deceased member’s estate can choose whether to receive the deceased member’s capital credits in the form of a present valued lump sum payout or to wait and receive the monies as they are retired as part of the normal, non-discounted retirement process of the Cooperative. Upon request by the appropriate documentation, the cooperative will pay the discounted, net present value of the capital credits to the estate of the deceased member. The amount of such distributions will be calculated using a discount rate that equals the Cooperative’s weighted average cost of capital and taking into account the date that the distribution would have occurred. Discounting provides a fair way to recognize special circumstances while continuing to treat members equally. If the discount option is exercised, the payment shall be final and binding in all regard.

 


What should I do if I receive a check in the wrong name or in the name of a deceased member?

Contact Member Services at 1-800-999-2285, or stop by one of our offices in Madison, Jefferson or Taylor counties.

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