Early Discounted Capital Credit Program
By now you’ve probably heard about KEC’s Early Discounted Capital Credit program. This program allows qualified members the choice to receive the current value of their 2016 capital credits this year OR receive a normal retirement at some point in the future (generally in 25-30 years). In August 2017, qualifying members received information about this program in the mail and were given the following options:
- Option 1: Normal retirement: Your capital credits will remain invested in the Cooperative until they are fully retired when no longer needed to maintain healthy equity (25-30 years). Members are automatically enrolled in this option and no action is necessary if this is your selection. If you have previously selected Option 2 and would like to change your selection to Option 1 please contact KEC at 208.765.1200 or firstname.lastname@example.org.
- Option 2: Select this option if you would like to receive the current value of your 2016 capital credits now. To do this, please return the bottom portion of the letter you received in August by October 2, 2017. No action is necessary if you have previously selected this option. Members who take advantage of Option 2 will receive a credit on their billing statement mailed in November 2017.
Remember, an election to participate or not is made by the KEC member account holder on a voluntary basis. Members may change their selection at any time; however, the deadline to participate this year is October 2, 2017. Members may change their selection by contacting KEC at 208.765.1200 or email@example.com.