Skip to main content
Contact Us
Report An Outage
Home
Menu
  • Rebate

    Rheem Water Heater Rebates available.  $5 per gallon! We carry 40 and 50 gallon electric water heaters.

    Read more »

  • COVID-19

    For more information on COVID-19 go to https://www.cdc.gov/media/index.html.

    Read more »

  • Home
    • SAVE ENERGY & MONEY
  • SmartHub
  • About Us
    • Board of Directors
    • SECO Staff
    • Service Territory
    • Cooperative Principles
    • Mission Statement
    • By-Laws
    • Non-Discrimination Statement
    • Employment Opportunities
    • Contact Us
  • Member Services
    • Account - Changes
    • Account - New
    • Billing
    • Capital Credits
    • Energy Assistance
    • Rates
    • Reporting Outages
    • STRUCTURE MOVING
    • Today's Members Program
  • News and Events
    • SECO Newsletter
    • AMI FULLY INTEGRATED
  • Scholarships
    • Basin Electric Cooperative Scholarship
    • MECA Scholarship
    • SECO Essay Scholarship
    • Youth Tour
  • Safety
    • Safety Quiz
    • Indoor Safety
    • Locate Underground
    • Outage & Power Line Safety
  • Save Money
    • Appliance Rebate
    • Product List
    • Rheem Water Heater Rebate
    • Together We Save

Capital Credits

Capital Credits

As a nonprofit electric cooperative, SECO allocates its annual operating margins (revenue in excess of expenses) back to its members in the form of Capital Credits. Each year, the Board of Directors reviews the financial condition and the capital purchases budget for the upcoming year to determine how much cash can be used to retire Capital Credits.

Historically, SECO, has aggressively placed operating margins back into the hands of its members. Currently, all years prior to 2005 have been retired. 

 

In the event of a death of an individual account member, their Capital Credits become payable. In the event of the death of one member on a joint account, that individual's proportionate share of Capital Credits becomes payable.

In either case, we require:

  • A copy of the death certificate
  • A copy of Personal Representative Appointment papers (if an estate)
  • An Indemnity Bond (if no estate)

Once the necessary paperwork has been received, the request for Capital Credit payment is approved at the next monthly board meeting. A check will then be prepared as instructed.

The Indemnity Bond:

  • Download the Indemnity Bond Application(link is external)

 

If you move, please keep us informed of your address in future years. This will enable us to forward payment when the capital credits are refunded for the year or years of your membership.

Back to Top

Quick Links

  • About Us
  • Contact Us
  • News
  • Report An Outage

Follow Us

©2021 Southeast Electric Cooperative. All Rights Reserved.

  • Home
    • SAVE ENERGY & MONEY
  • SmartHub
  • About Us
    • Board of Directors
    • SECO Staff
    • Service Territory
    • Cooperative Principles
    • Mission Statement
    • By-Laws
    • Non-Discrimination Statement
    • Employment Opportunities
    • Contact Us
  • Member Services
    • Account - Changes
    • Account - New
    • Billing
    • Capital Credits
    • Energy Assistance
    • Rates
    • Reporting Outages
    • STRUCTURE MOVING
    • Today's Members Program
  • News and Events
    • SECO Newsletter
    • AMI FULLY INTEGRATED
  • Scholarships
    • Basin Electric Cooperative Scholarship
    • MECA Scholarship
    • SECO Essay Scholarship
    • Youth Tour
  • Safety
    • Safety Quiz
    • Indoor Safety
    • Locate Underground
    • Outage & Power Line Safety
  • Save Money
    • Appliance Rebate
    • Product List
    • Rheem Water Heater Rebate
    • Together We Save