The Co-op's office will be closed until Tuesday, August 18th as we're moving to our new location at 3515 11th St East in Glencoe's East Industrial Park.


Plug Into the Power of Your Co-op


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What are capital credits?

Each member of our Co-op is a part-owner and is entitled to share in the financial returns of the organization. Investor-owned utilities return a portion of any profits back to their shareholders. Electric co-ops operate on an at-cost basis. This means that McLeod Co-op Power allocates 100 percent of its margins (revenue less expenses) to its members who purchased electricity during the year, and retires (or pays back) those margins at a future date to those very members. We call those capital credit allocations. Between the years those margins are allocated and retired, the Co-op uses those funds as operating capital to help the Co-op pay debt and maintain the appropriate equity-to-assets balance.

Most years the Co-op is able to retire capital credits from previous years.

The Board of Directors determines, based on the Co-op’s financial position, the amount of capital credits that will be paid out. Current members receive a credit on the bill they are sent in December. Those who are no longer members will receive a check in the mail.


If unable to view the attached video for any reason, please contact us at 320.864.3148