The Clarke Electric Cooperative Board of Directors has authorized the distribution of $350,000 in capital credits to current and former co-op members.
If you were a member of CEC in 2005 and 2006, you should receive a patronage dividend. Active (current) members will receive a credit on their primary account in December for the amount of their capital credit. Doing this results in significant savings of postage and labor costs for the co-op. And by applying capital credits to your December bill, the co-op hopes to help offset the higher bills that many of our member-consumers see at this time of year.
Former CEC members will be mailed checks if their distribution amount exceeds the $5 minimum. Distributions of less than $5 will roll over to future years and a check will be issued when the minimum amount of $5 is reached.
Please contact the cooperative if you have any questions about your patronage dividend.