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Celebrate your cooperative membership in October


Every October is Cooperative Month—a time to celebrate the reasons why consumer-owned businesses like Kiwash Electric are important to your local economy and your family.


From your electric co-op to your credit union, businesses that were created and are governed by the people who use them help keep your money in your local area.


They also give you a say when it comes to policies and decisions. A perfect example is the recent member-approved consolidation of Kiwash Electric and Caddo Electric Cooperative. Consumers of other utilities don’t get the luxury of making such important decisions.


Cooperatives such as Kiwash Electric are run by boards of directors who are also members of the co-op. These member/directors are elected by all of the other members who “belong” to the cooperative.


You can run for a seat on your electric cooperative’s board of directors, exercise your right to vote in board elections, attend your cooperative’s annual membership meetings; and can keep up with your co-op’s activities by reading your co-op newsletter, website and Facebook page.


Perhaps you “joined”Kiwash Electric because it is the only power supplier for your area. That still makes you a co-owner of that utility, along with all of the others in your area who get their electricity from the cooperative.


Take advantage of the privilege of cooperative membership, starting with Cooperative Month. Attend co-op meetings, vote and keep abreast of “your” business’s activities. You own your cooperative, and that’s a real reason to celebrate.


2 | OCTOBER 2015 | Kilowatt


BY DENNIS KRUEGER G E N E R A L M A N A G E R


Ownership Has Its Privileges As an owner of Kiwash Electric, you get the credit


There are roughly 900 similar electric cooperatives across this great nation. Electric cooperatives serve over 42 million people in 47 states. You, as a member of Kiwash Electric Cooperative, are a part of this vast network.


Y


our cooperative is known as a consumer-owned, private non-profit organization.


One major difference between a cooperative and other electric utilities is that co-ops return profits to their owners – that’s YOU! Kiwash Electric only keeps what we need to supply, maintain and operate the cooperative grid system.


CAPITAL CREDITS PAID TO MEMBERS $399,789


$


Capital credits distributed to KEC members in 2015


The remainder is returned to you. Capital credit distributions from member owned, not-for-profit cooperatives, are somewhat similar to the dividends paid to shareholders of investor- owned utilities. The difference is that a co- op’s “shareholders” are also the members


“Capital credit distributions from member owned, not- for-profit cooperatives are somewhat similar to the dividends paid to shareholders of investor-owned utilities. The difference is that a co- op’s “shareholders” are also the members that it serves, and the “dividends” (capital credits) are distributed to the co-op’s consumer-owners.”


$2.5 million


Capital credits allocated to KEC members since 1938.


that it serves, and the “dividends” (capital credits) are distributed to the co-op’s consumer-owners.


Kiwash Electric rates are set to bring in enough money to pay operating costs, make payments on any loans and provide an emergency reserve. At the end of each calendar year, we subtract operating expenses from the total amount of money collected during the year; the balance is our “margin.” This margin is allocated to each member based on the amount of electricity they use.


This year, the


Kiwash Electric Cooperative board of directors allocated $399,789 to be distributed in the form of capital credits to the membership. The distribution will be made on a “first in – first out” scenario; in other words our longtime members are in line to receive this year’s distribution.


Each member-owner has a capital credit account in his or her name or company name. Each time the board calculates and allocates capital credits, you receive the benefit in that account. The board of directors has made arrangements for your capital check refund to be mailed on or about October 1, 2015.


All unallocated capital credits will remain in your name and amounts will be forwarded to CKenergy Cooperative at their present face value on January 1, 2016. Kiwash Electric will have paid nearly $2.5 million dollars in total capital credits or margin refunds back to the membership once the October checks are written.


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