Morgan County REA returns over $4 million in capital credits
At the October 2025 meeting, your Morgan County REA Board of Directors elected to retire more than $4 million in capital credits to you, our members. Early in December 2025, capital credits checks will be mailed to anyone who was a Morgan County REA member in 2005, 2019, and 2020.
Capital credits are unique to member-owned electric cooperatives like MCREA, making this one of the best perks of being a member. Why do we give capital credits? The answer is simple. As a MCREA member, you’re part owner of our co-op. By paying your power bill each month, you contribute to the maintenance of our system and distribution of safe, reliable electricity.
Just like any business, MCREA has revenue and expenses; when we have remaining funds at the end of a given year, we set that profit aside as capital credits. These reserves help manage rates, cover emergency expenses, and reduce the amount of money we need to borrow from outside lenders to build, maintain, and expand a reliable distribution system.
When financial conditions permit, those funds are retired and returned to our members in the form of capital credits. Anyone who was a member during those years receives a check based on how much power they purchased. Even if they move or are no longer a member, they still receive a check. That is why it is important to make sure our office has your most current contact information, so that your check makes its way to you.
Capital credits reflect your contribution to MCREA. After all, this is your electric co-op. Your membership. Your money. While investor-owned utilities send profits to outside shareholders, MCREA sends them back to the members who made it possible.
On behalf of MCREA’s board of directors, we are proud to deliver these capital credits to the members we serve.
Unclaimed Capital Credits
It is not unusual for MCREA to have unclaimed or uncashed capital credits checks from our margin allocations. In some cases, letters containing refunds were returned due to lack of current address. We also have instances in which capital credits checks were never cashed.
Wondering if there are unclaimed capital credits under your name?
Search your name below to see if you have unclaimed capital credits. If your name is on the list, contact MCREA to provide your current address to ensure your capital credits check finds you. For information or questions, please call us at 970-867-5688 or email customerservice@mcrea.org.