What are capital credits?

What are capital credits?

The purpose of our Co-op is to provide first-class service at a reasonable price. A portion of the surplus revenue from our telecommunications service is returned to members in the form of a capital credit . It's about investing back into our Co-op and the communities we serve.

In 2024, Co-op members will receive their capital credit payments issued on their Golden West bill or in the form of a mailed check prior to the annual meeting. In line with the Cooperative’s performance, Golden West’s Board of Directors approved the return of $6 million in capital credit payments to cooperative members this year. The capital credit retirement consists of $3 million for patronage allocated in 2006 and an additional $3 million for allocations generated in 2023. Members with active service during any or all of those years will receive capital credits. 

All payments of $75.00 or less are being applied as a bill credit on active member accounts. Retired capital credits will also be applied as a bill credit on all accounts showing a past due balance. Depending on how much is past due, this may result in retired capital credits of over $75.00 being applied as a bill credit.