The cooperative advantage

Capital credits are one of the most unique and rewarding benefits you have as a member of an electric cooperative. One of the cooperative advantages is that we provide our members with “at cost” service, which means we do not exist to earn a profit. Investor-owned utilities, on the other hand, maximize their profits from their customers with the purpose of paying dividends to stockholders.

At a cooperative, there is no stock to be purchased or sold — our members own our business. Pioneer Electric Cooperative returns funds not used for operating costs to members in the form of capital credit allocations. Since 2015, we have returned approximately $7.3 million to members.

If you are the rightful heir for the capital credit recipient listed on the form below, please do the following:

  • Read the form carefully.
  • Complete the information required.
  • Upload a copy of your driver's license or legal ID.
  • Upload a copy of the deceased member's death certificate or obituary.
  • Sign the form.
  • Have a person who is not a relative also sign the form, witnessing your signature.

Once you sign the form, it is your responsibility to see, if necessary, that any other heirs or parties receive their portion of the check.

We must receive your form and approve it before the capital credit check will be mailed to you. Please note that any outstanding bad debts owed by the member to the Cooperative will be deducted from the check.

If you need assistance, please contact us at 1-800-239-3092.


Upload a photo of the death certificate or obituary.
One file only.
100 MB limit.
Allowed types: gif, jpg, png, svg.
Your Information
Upload a photo of your driver's license or ID.
One file only.
100 MB limit.
Allowed types: gif, jpg, png, svg.
I, the undersigned, hereby apply to receive the capital credit for the above account. In applying to receive the capital credit on this account, I certify that I am the person legally entitled to receive the same and in consideration of payment of the credit to me, I agree that I will indemnify and hold harmless Pioneer Electric Cooperative, Inc., from all loss or damage, including incidental and consequential damages, which it may incur or become in any way obligated to pay, arising directly or indirectly out of its payment to me of the capital credit.
Sign above
Non-Relative Witness Name


Unclaimed capital credits listing

The Unclaimed Capital Credits list contains the names of members whose checks have been returned to us because of an incorrect address. Contact Customer Service at 800-239-3092 if you, your organization or a deceased relative are listed.

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