1-800-472-2141
Capital Credits

Profits are returned to members
Verendrye Electric is a not-for-profit organization. That means any margins, or revenues remaining after all expenses have been paid, are returned to the members in proportion to their usage of the co-op’s services. The amount of capital credits (equity) a member holds depends on how much electricity the member purchases each year.
Verendrye Electric Cooperative holds on to capital credits to use as working capital. Capital credits help Verendrye meet expenses of the co-op, such as paying for new equipment and repaying debt, and our lender, the Rural Utility Services (RUS), requires us to hold onto a percentage of capital credits.
Each year the Verendrye board determines the amount of capital credits to be returned to members based on the financial condition of the cooperative and debt to equity ratios required by the RUS. When capital credits are retired, payments are issued to members.
Capital Credit Search
Use the unclaimed capital credit search below to see if you have patronage waiting for you.
If you know of the whereabouts of any member on this list, please have them contact us. Family members (heirs) of a deceased member may be eligible to obtain a payout or transfer of capital credits on the deceased member’s account. All capital credit inquiries can be made by calling 1-800-472-2141.
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