What are Allocations?
When income exceeds expenses in any given year, margins are allocated to each member’s capital credit account according to their usage; this is called capital credit allocation.
Active members can find their 2025 capital credit allocation on their June statement. This number represents the members individual share of our $822,153.00 margin this past year. If the cooperative continues to be successful, it will all eventually be returned to the member in a General Retirement.
North Itasca Electric is currently returning Capital Credits on roughly a 20-year rotation and since 1985, has returned $7,566,297.92 back to our members.
Members with active accounts can keep track of their capital credits by simply reviewing their June statement. Patrons who no longer have active accounts receive allocation notices and checks by mail. Unfortunately, many former members miss out on these communications because they have not provided the co-op with a current address. Be sure to keep us updated with your address changes because we want to make sure you receive your capital credits!