Capital credits: Your share of the cooperative advantage

It’s important to give credit where credit is due. Whether someone has volunteered their time or talent, pitched in to organize a large event or contributed to an overall team effort, recognition matters. As a member-owner of North Itasca Electric Cooperative, you play an important role in the cooperative’s success, and capital credits are one […]

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Business Office Highlights: Capital Credits

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. […]

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Business Office Highlights

May this month bring you fresh beginnings and bright moments! The office personnel have finished the yearly audit! We were given many “thank yous” for starting the switch over to paperless as they prefer electronic files. We are expecting a great report. Great Job, Dan! We launched our new statement design. There is a reference […]

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Business Office Highlights

Wishing All Our Members a Lucky March! The office personnel have been BUSY with the upcoming yearly audit! We would like to welcome our New CFO Dan. He has us “Thinking Outside the Box”: How to be more efficient, cut costs and still provide personal service to you, the Members. Our biggest obstacle is moving […]

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