At the end of each year, when all of the cooperative’s expenses are paid, the money left over is classified as margins. VVEC proportionately divides margins among all the members who received service during that year, based on total billing for each member. Each member/owner’s share of the margins is his or her capital credits. Annual allocations of margins are added to each member’s capital credit account, which includes amounts from other years. The account represents each member’s share of ownership equity in the cooperative.
VVEC retains members’ capital credits as equity. The cooperative’s lending institutions require a certain level of equity. As financial conditions allow, VVEC will return capital credits to current and former members.
When members move off of VVEC lines, they don’t always give us a forwarding address. This makes it difficult to send them their capital credit checks.
To help us find these former members, we include a list of those members on this Web site. Anyone who finds his or her name on the Missing Members list, is asked to call us at (918) 371-2584 and give us an address where we can send the check.
Search for lost members here: