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Missouri Rural Electric Cooperative’s Board of Directors has approved the refund of capital credits. The total amount of $803,425 will be refunded to the member-owners. Checks should be received the week of the drive-through Annual Meeting, which is Saturday, August 28, at Palmyra High School. Registration and voting will be held between 9 a.m. and 11 a.m.
At the close of each business year, any margins are allocated to the member-owners based on the amount of electricity purchased. These allocations are then returned to the member-owners as financial conditions permit. This is one of the advantages of being a member-owner of an electric cooperative.
To date, over 21.1 million dollars have been returned to member-owners during the past 59 years.