Members of CORE Electric Cooperative are also owners. Unlike investor-owned utilities that give their profits to shareholders, electric cooperatives return our profits (or margins) to our members in the form of capital credits.
Most members will receive a capital credit retirement in the form of a bill credit. A capital credit retirement check is mailed in lieu of a bill credit if:
Checks are not issued for amounts less than $25; however, the deferred amount accumulates. Once the amount reaches $25 or more, CORE will issue a check for the full accrued amount.
A married primary account holder has the option of establishing a joint membership with their spouse, in which all capital credit allocations for the membership will be owned jointly by both parties. Roommates or significant others may not hold a joint membership. You can sign up for a joint membership by submitting a Joint Membership Agreement.
When members need to dissolve a joint membership, due to divorce or other reasons, they have the option of either splitting the accrued capital credit allocations between both parties or having one party relinquish all accrued capital credit allocations to the other party. Relinquishment and Split forms can be printed from the links below; both forms require notarization of both joint account holders’ signatures before processing can occur.
Return your completed form to CORE by mail to 5496 N US Highway 85, Sedalia, CO 80135, by email to AccountServicesContact@CORE.coop.
A joint account also dissolves when one party passes. In such cases, the remaining capital credit allocations are transferred into the living spouse’s name and the joint account becomes an individual account. If your spouse has passed, contact Member Services at (800) 332-9540, or email us at AccountServicesContact@CORE.coop.
How is my retirement determined?
The board of directors approves retirement methodology which designates how retirements are to be paid to current and former members, and that may retire credits allocated for certain years. CORE’s goal is to retire at least 4% of equity allocated to members each year.
What if I receive a check that is not mine?
Please write “Return to Sender” on the envelope and remit it to the U.S. Postal Service. CORE will code the account so that future refunds for this member will not be sent to your address.
I found an old capital credit check that I forgot to cash. How long do I have to cash my capital credits refund check?
If your check was issued more than 180 days ago, please contact CORE and we will reissue the check.
Will I receive interest on my capital credit refund?
No, you do not receive interest on your capital credits.
What if I move out of the territory?
If you move from our service area, the capital credits accumulated in your account will remain in your name. Therefore, it is very important that you keep CORE informed of your current mailing address so we can send you any future capital credit retirements. To update your address, contact Member Services at (800) 332-9540.
