As announced at the 2016 Annual Meeting of Members of Clay Electric Co-operative in August, the Board of Directors voted to return Capital Credits to those that were Members during the years 1958 through 1961. Those Capital Credits total approximately $175,000.
Capital Credits represent a Member’s ownership in Clay Electric and is one of the benefits of being a Cooperative Member. Allocating and retiring Capital Credits to Members helps distinguish Cooperatives from for-profit utilities. Clay Electric is proud to support our Members and Communities by putting money back into the pockets of those we serve.