Owned By Our Member-Owners
As a not-for-profit utility organized, owned, and governed by its consumers, Clarke Electric Cooperative allocates back to its member-owners the profits (margin allocations) that result after expenses are tabulated and audited at the end of the year. The returns are made annually in relationship to the amount of dollars a member-owner has paid for cooperative services. These margin allocations (also called patronage dividends) are held for 20 years by the cooperative to serve as resources for reinvestment in the distribution system.
Capital Credits are returned in the form of a credit on the December bill for existing member-owners. For past member-owners, a check is issued to the last known physical address. Please keep the cooperative informed of your current address in order to receive your Capital Credit checks.