We are a
member-owned electric cooperative that provides reliable electric
services to about 14,000 Minnesota customers. We are dedicated to doing business with integrity, accountability,
innovation and commitment to community.
Wild Rice Electric would like to thank all those who were able to attend this years annual meeting and would like to congratulate the winners of this years Annual Meeting Door Prizes!
Click the link below to see if you have money waiting for you from un-cashed capital credits through Wild Rice Electric Cooperative!
Click Here: UN-CASHED CAPITAL CREDIT NAME LIST
Capital Credits: A bonus for co-op members!
You've heard of profit sharing for people who work for employee-minded companies, but did you know the rural electric cooperative that sells you your electricity hands its profits back to you?
Rural electric co-ops, like Wild Rice Electric, are non profit businesses. They charge you a fair rate for electricity, and use the money to make sure there's enough power to go around. They use it to maintain their equipment, pay their staff and run the business. Anything that's left over is returned to their consumers. Rural co-op employees don't even refer to that money as "profit" because they know the utility isn't going to keep it. There are no stockholders to pay because co-ops are owned by the people who buy their services, not by investors. Co-op employees call the money left over after all expenses are paid "margins." They call the refunds they send to their consumers "capital credits" or "patronage dividends."
Getting a capital credits check in the mail, or applied to your account like Wild Rice Electric consumers, is a bonus consumer's get for buying their electricity from a cooperative. Another bonus is that those consumers are members - and part-owners - of the co-op, rather than just customers. So capital credits are a benefit of membership.
Next time you pay your electric bill, consider it an investment in a utility that counts you among its owners. And be assured that your co-op, Wild Rice Electric, will put every cent of your payment to good use - and send back what it doesn't need.
If you have questions regarding your capital credits, please call our offices at 218-935-2517 or 1-800-244-5709.
The mission of Wild Rice Electric Cooperative is to promote an ever-improving way of life for our members by providing quality cost-effective services.
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