Skip to main content
Home
Menu
  • Your Coop
    • About Us
    • Cooperative Governance
    • Employees
    • Job Openings
    • Touchstone Energy Cooperatives
    • Annual Meeting
  • Your Account
    • Apply for Service
    • Billing FAQ
    • Capital Credits
    • Energy Assistance
    • Rate Schedule
  • Member Programs
    • Rebates & Incentives
    • Renewable Energy Credit (REC) Program
    • Operation Round-Up
    • Power Supply Tour
    • Youth Programs & Scholarships
    • Co-op Connections Savings
  • Products & Services
    • Complete Home Surge Protection
    • Electrical Wiring Service
    • Generac
    • Security Lights
    • Sense Home Energy Monitor
    • Water Heaters
  • Safety
    • Safety Quiz
    • Grain Bin Clearance
    • Power Line Safety
    • Tree Planting
    • Underground Facilities
  • Energy Expertise
    • Touchstone Energy Savings
    • Energy Audit
    • Electric Vehicles
    • Load Management
    • Solar Energy
  • News

Capital Credits

You are here

  1. Your Account
  2. Capital Credits
Discover the Coop Difference

 

What are Capital Credits?

As a not-for-profit cooperative, after Union County Electric deducts costs and upkeep for yearly operations, the net profit is reinvested into the company to provide cash flow, collateral to show stability and to obtain loans. Any net profit over those costs is allocated back to our members in the form of capital credits.

Every member of Union County Electric has shares in capital credits. The more electricity you buy and the longer you use the service, the more equity (allocations) you accumulate. Allocations are the total sum of annual equity accrued by the member during their prior years of service.

Each year, the board makes the decision to return, or retire, capital credits based on the financial condition of the cooperative. When the decision is made to do a refund, the Cooperative will return 4.25% of an active members total equity in the co-op. This is typically done each year in the Spring.

What happens if a member passes away?

If a member passes away Union County Electric will provide for an early retirement of the capital credits. However, with an early refund, the full amount will not be received, as it will be discounted to take into account withdrawing the funds from the cooperative early.

What happens if I move away and am no longer a member of Union County Electric Cooperative?

To receive your capital credit check once you leave our service, it is important to keep us informed of your current address. Often times, checks go unclaimed each year because we are unable to located members who have moved away.

Back to Top

Quick Links

  • Contact Us
  • News
  • Statement of Nondiscrimination

Contact Info

Union County Electric Cooperative
32708 477th Ave
Elk Point, SD 57025

Office: 605-356-3395
Fax: 605-356-3397

About Us

Union County Electric Cooperative exists to provide high value energy to our Members by focusing on delivering safe, reliable, environmentally friendly electricity while promoting energy efficiency through education.

 

Follow Us Online

©2025 Union County Electric Cooperative. Your Local Touchstone Electric Cooperative.

  • Your Coop
    • About Us
    • Cooperative Governance
    • Employees
    • Job Openings
    • Touchstone Energy Cooperatives
    • Annual Meeting
  • Your Account
    • Apply for Service
    • Billing FAQ
    • Capital Credits
    • Energy Assistance
    • Rate Schedule
  • Member Programs
    • Rebates & Incentives
    • Renewable Energy Credit (REC) Program
    • Operation Round-Up
    • Power Supply Tour
    • Youth Programs & Scholarships
    • Co-op Connections Savings
  • Products & Services
    • Complete Home Surge Protection
    • Electrical Wiring Service
    • Generac
    • Security Lights
    • Sense Home Energy Monitor
    • Water Heaters
  • Safety
    • Safety Quiz
    • Grain Bin Clearance
    • Power Line Safety
    • Tree Planting
    • Underground Facilities
  • Energy Expertise
    • Touchstone Energy Savings
    • Energy Audit
    • Electric Vehicles
    • Load Management
    • Solar Energy
  • News