Pioneer Electric Cooperative is more than just an electric service provider; we are a member-owned cooperative. This distinction shapes everything we do, and one of the most tangible benefits of being part of our cooperative is the return of capital credits. I am excited to announce that we are once again returning funds to our members — your capital credits payout is on the way!
Your board of trustees has approved the payout of $459,734.48 to members who received electric service from Pioneer Electric Cooperative in 2008.
What are capital credits?
Cooperatives operate on a not-for-profit basis. Instead of making profits for shareholders, we allocate any revenue beyond operating costs back to you — our members — as capital credits. These are your share of the co-op’s margins, and they reflect our commitment to you as an owner of this cooperative.
Capital Credits are retained by the cooperative for a number of years as operating capital. This reduces the need to borrow money to run the business, which could cause an increase in the cost of electric service to our members.
How does it work?
Each year, we review our financial standing to determine if we’re in a position to return capital credits. This year, thanks to our careful fiscal management and ongoing support from members like you, we can distribute a portion of the margins back to those who have contributed to the co-op’s success. These credits represent your ownership in the cooperative and reflect the unique business model that sets electric cooperatives apart from other utility companies.
Why this matters
Capital credits are a powerful reminder that our cooperative exists to serve you, not corporate shareholders. When you pay your electric bill, you’re not just another customer — you’re a member with a stake in how we operate. This payout is our way of saying thank you for your trust and support. It’s also a reflection of our commitment to financial transparency and our focus on providing reliable, affordable energy to the communities we serve.
Looking ahead
While this year’s capital credits payout is cause for celebration, it’s important to remember that our mission is ongoing. As your cooperative, we will continue to invest in the infrastructure, technology, and programs that ensure reliable and affordable electricity for years to come. Together, we are leading the way toward a brighter future, and we are proud to share the benefits of that journey with you.
Thank you for being a valued member of Pioneer Electric Cooperative. We are honored to serve you and look forward to continuing this tradition of returning value to our members.