Capital credits are just one of the many reasons it’s great to be a member of an electric cooperative. After each fiscal year, and once the determination has been made that the financial condition of the Cooperative is stable and adequate to meet operating costs and debt covenants, the Board of Directors may elect to return excess capital by retiring capital credits to the Co-op members.
Capital credits are allocated based on the dollar value of individual electric use. So, the amount of the credit is directly proportionate to the amount of electricity purchased by a Deep East Texas Electric Cooperative member.
As a not for profit organization, Deep East returned $920,854 to its members in December of 2018. To date, DETEC has returned over $24 million to its members.