Home > About Us > Capital Credits Our Cooperative News & Events Board of Trustees Annual Meeting Management Capital Credits Capital Credits The word “margins” means something different to a cooperative member. As a cooperative, Wiregrass Electric Cooperative (WEC) does not earn profits like private corporations. Instead, WEC is member-owned, and members are entitled to a share of the margins earned by selling electric services. WEC refers to these margins as capital credits or patronage capital, and they reflect each member’s ownership in their electric cooperative. WEC tracks how much each member pays into their cooperative through the purchase of electricity. Each year, the Board of Trustees examines the cooperative’s financial stability, including the investment needed for wholesale purchased power, power poles, equipment, and much more. Sometimes the cooperative will have a small margin of unspent funds at the end of the fiscal year. The cooperative uses this money to help finance the operations of the cooperative, to ensure the cooperative can fulfill its mission of providing reliable, low-cost power. After a set amount of time, WEC retires its margins and issues a capital credit. To date, WEC has retired more than $14 million in capital credit refunds. Each year, the cooperative does its best to deliver these credits to the member, even if they have since left the cooperative’s service territory. Advertisements are made for those who cannot be reached to claim their capital credit as soon as possible. “Capital credits are a benefit of participating in a not-for-profit cooperative,” says Les Moreland, CEO of WEC. “Here, each member is also a partial owner, and we answer to our members. Sometimes a power company will answer to a board of directors who live hundreds of miles away. At WEC, we’re accountable to our neighbors. And I believe that’s what makes this cooperative strive to do its best every day.” Unclaimed Capital Credits To date, WEC has returned more than $14 million in capital credit refunds. Each year, the cooperative does its best to deliver these credits to the member, even if they have since left the cooperative’s service territory. When we mailed these checks this year, several were returned as undeliverable. If you have any questions, please contact us at (800) 239-4602. OFFICE AND MAILING ADDRESS HEADQUARTERS 509 North State Highway 167 Hartford, AL 36344 View Directions to Headquarters MAILING ADDRESS PO Box 158 Hartford, AL 36344 OFFICE & DRIVE-THRU HOURS Monday through Friday 8 a.m. to 4:30 p.m. DOTHAN DISTRICT OFFICE 6167 Fortner Street Dothan, AL 36305 View Directions to Dothan District Office ASHFORD DISTRICT OFFICE 1066 Ashford Road Ashford, AL 36312 View Directions to Ashford District Office SAMSON DISTRICT OFFICE 13148 West State Highway 52 Samson, AL 36477 View Directions to Samson District Office CONTACT Toll-Free: (800) 239-4602 Fax: (334) 588-0683 24-Hour Outage Hotline: (888) 469-6882 Do Not Sell My Info Equal Opportunity Employer Non-Discrimination Statement Privacy Policy Terms of Use Website Accessibility A Powerful Creation © 2021 Wiregrass Electric Cooperative Selecteer een taal Nederlands Afrikaans Albanees Amharisch Arabisch Armeens Azerbeidzjaans Baskisch Bengaals Birmaans Bosnisch Bulgaars Catalaans Cebuano Chichewa Chinees (traditioneel) Chinees (vereenvoudigd) Corsicaans Deens Duits Esperanto Ests Fins Frans Fries Galicisch Georgisch Grieks Gujarati Haïtiaans Creools Hausa Hawaïaans Hebreeuws Hindi Hmong Hongaars Iers Igbo IJslands Indonesisch Italiaans Japans Javaans Jiddisch Kannada Kazachs Khmer Kinyarwanda Kirgizisch Koerdisch Koreaans Kroatisch Lao Latijn Lets Litouws Luxemburgs Macedonisch Malagasi Malayalam Maleis Maltees Maori Marathi Mongools Nepalees Noors Odia (Oriya) Oeigoers Oekraïens Oezbeeks Pashto Perzisch Pools Portugees Punjabi Roemeens Russisch Samoaans Schots Keltisch Servisch Sesotho Shona Sindhi Sinhala Slovaaks Sloveens Soendanees Somalisch Spaans Swahili Tadzjieks Tagalog Tamil Tataars Telugu Thai Tsjechisch Turkmeens Turks Urdu Vietnamees Wels Wit-Russisch Xhosa Yoruba Zoeloe Zweeds Mogelijk gemaakt door Translate