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Capital Credits

Capital Credits Represent Your Investment in Oakdale Electric Cooperative

Capital Credits are your ownership of this non-profit, member-owned cooperative.

Capital Credits are created when the cooperative has earnings, income minus expenses. At the end of each year these earnings are spread proportionately to all active cooperative members according to the amount of money each member spent at Oakdale Electric Cooperative that year.

Capital Credits accumulate in an account in your name. Your capital credits are paid to you as a percentage each year usually in October.  The size of the percentage is determined by Oakdale Electric Cooperative’s Board of Directors according to the cooperative's financial condition. For active members, the capital credit refund is paid to you on your electric bill, usually in October. If you are no longer receiving electric service from Oakdale Electric, you are still entitled to receive refunds from your capital credit allocation account. Please keep us updated with your current mailing address, so we can mail your refund when due.

Capital Credits Estate Settlements

The surviving spouse or heirs of an estate can request that the deceased member's Capital Credits be released from their account by notifying the Cooperative by phone, letter or email. The appropriate form will then be sent to the requestor. Upon the return of the forms, the funds will be sent in the form of a check at the earliest possible time.

There are two settlement options available to the representative of the estate. They are as follows:

  1. A lump sum settlement based upon the present day value of the capital credits.
  2. Full value retirement at the scheduled general retirement date and assigned to an individual of the estates choice.

Discounting provides a fair way to recognize special circumstances while continuing to treat members equally. If the discount option is exercised, the payment shall be final and binding in all regard. Each year the board will approve a discount rate based on the weighted cost of capital.


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