The amount of capital credits each member receives varies with the amount of electricity they purchased. The more electricity purchased, the more capital credits we refund to the member. Boone Electric mails capital credit notices every March. This is to help those members with businesses who must consider their capital credits when filing tax returns. Capital credit checks are refunded to our members each year in December.
Many members wonder about receiving their capital credits when they move out of the service area.
It would be a violation of our bylaws and unfair to current members to refund all capital credits to members whenever they move. It is up to members leaving our service area to keep Boone Electric informed of their current mailing address. They will receive their capital credits due them when their refund payment cycle comes up. Unclaimed Capital Credits Unclaimed capital credits are funds that the cooperative has tried to deliver to former members who have moved from their last known address. Unclaimed capital credits are turned over to the Boone Electric Community Trust, which makes funds available to charitable causes and organizations throughout the service area.