ATTENTION: Broad River Electric Cooperative could owe you or someone you know some money.
There are more than $20,000 in unclaimed capital credits owed to members/former members whom Broad River Electric has been unable to locate. All persons and their former addresses owed $50 or more as of April 8, 2013 are listed below. A complete list is available to members and former members. An administrative fee of $4.00 per month, per account is applied to all unclaimed monies.
Capital credits represent each member’s ownership of the cooperative. They are the margins credited (or allocated) to the members based on their purchases from the cooperative the previous year. These margins are used by the cooperative as capital to operate the business for a period of time.
Your capital credits remain on our books in your name until they are retired. Because capital credit retirements are made a number of years after the credits are earned and allocated to your account, members should always keep the cooperative informed of your current mailing address.