Search PAY NOW MENU Home Your Co-op Customer Services News & Events Community CAPITAL CREDITS You are here Customer Services Capital Credits Dakota Valley Electric is a member-owned, nonprofit organization. Each year, members are allocated their portion of the previous year's profit based on the amount of electricity they purchased from Dakota Valley Electric Cooperative in relation to the total amount of electricity purchased by all members during the year. Capital credits represent your share of the ownership or equity in Dakota Valley Electric. This capital allows Dakota Valley Electric to finance operations and construction. Capital credits are paid back to our members according to a capital credit retirement rotation plan and as the financial condition of the cooperative permits. Dakota Valley Electric currently retires capital credits under the following three methods: The general retirement which is in December of each year Retirement of capital credits to estates of deceased members. 25% buyout of the capital credits for an inactive account. Be sure to keep the cooperative informed of your correct address so that you receive future retirements. Capital Credit FAQs Expand All What's the difference between allocated and retired capital credits? Allocated capital credits appear as an entry on the permanent financial records of the association and reflect your equity or ownership in Dakota Valley Electric Cooperative. When capital credits are retired, a check is issued to you and your equity in the association is reduced. How often will I receive an allocation notice? What do I have to do to start accumulating capital credits? How are capital credits calculated? Are capital credits taxable? Do I have to be a customer for an entire year to earn capital credits? Who gets the capital credits in the case of a divorce? What happens to the capital credits of a member who dies? Why are capital credits discounted to estates? What happens if a spouse who is a joint member dies? Will I receive a capital credits check every year? What happens to the capital credits if the cooperative is unable to locate a member? What happens to terminated accounts? Home Your Co-op Customer Services News & Events Community Back to Top Quick Links Contact Us News Statement of Non-Discrimination Careers Employees Only Contact Info Dakota Valley Electric Cooperative 7296 Highway 281 Edgeley, ND 58433 By Phone: 1-800-342-4671 Report Outages: 1-800-342-4671 By Email: dvec@dakotavalley.com DO NOT E-MAIL OUTAGE INFORMATION About Us Dakota Valley Electric Cooperative is one of 16 distribution cooperatives in North Dakota. It serves some 6,000 members on almost 4,700 miles of line in an area that stretches from the Minnesota border nearly to Ashley, and from the South Dakota border to Jamestown. From headquarter offices in Milnor and Edgeley, and outposts in Wahpeton, Hankinson, Oakes and Gackle, 43 employees work full-time to provide members with electricity and to improve the quality of rural life. Follow Us Online ©2021 Dakota Valley Electric Cooperative. All Rights Reserved.