As a non-profit electric cooperative, BENCO Electric Cooperative allocates operating margins, or profits, to members receiving service throughout the year. These margins are allocated using a proportional ratio and are called Capital Credits. This is one advantage of cooperative membership.
Capital Credit payments are made to members in April of each year. For current members, payments may be sent as a check or placed as a credit on your electric bill. Capital Credits are issued to former members through a check.
Former BENCO members should continue updating their address with the Cooperative. This will enable BENCO to forward payment when capital credits are refunded for the years of your membership.