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.