Capital Credits

Capital Credits

As a not-for-profit, all revenues REC receives through monthly bill payments, beyond the costs for providing electric service, remain the property of our members and are returned in the form of Capital Credits.


Ongoing System Improvements
Capital Credits are used to improve the distribution system and should be viewed as the member-owners' equity investment in the Cooperative. The equity investment minimizes the amount the Cooperative has to borrow.


Member Cash Back
Capital Credits are invested in the poles, wires, transformers, substations and other equipment used throughout the system to deliver reliable electricity every day. The Cooperative tracks your investment over the years of your membership.


The retirement of Capital Credits is a decision made by the Board of Directors based on the financial condition of the Cooperative. A portion of the total Capital Credits are "retired" and returned to you in the form of a Cash Back bill credit. Cash Back is based on your electric use and how long you have been an REC member.

Estate Cash Back
The heirs of an REC member can receive any remaining Capital Credits that had been assigned to the deceased member.

  • An estate representative must request the member's Capital Credits
  • Representative must submit a Certificate of Qualification or a Designation of Legal Payee
    and a death certificate
  • Forms are available at all four offices

2018 Unclaimed Capital Credits

Please check the following list of unclaimed Capital Credits to see if your name is included. If you see your name, or have information on how to locate someone on the list, call 800-552-3904 and speak with a member service representative. With your help, we can locate those listed and deliver their checks. If the member or other person legally entitled to the Capital Credit does not claim his or her money within 120 days from publication of the listing, this patronage capital becomes the sole property of Rappahannock Electric Cooperative.