Lake Region Electric Cooperative
LREC Board Approves $1.84 Million Capital Credit Retirement
A combined retirement of $1.84 million in patronage capital credits was approved by your Board of Directors for 2021. The ability to retire capital credits is a sign of the cooperative’s financial strength. LREC has steadily increased the amount of capital credits retired over the last decade. This will be nine consecutive years in which our capital credit retirement has exceeded one million dollars! Additionally, retirements received from other sources are passed through to our members. The retirements listed below will be dispersed to people and organizations that were members of Lake Region Electric Cooperative in the years listed for each source.
- LREC is retiring $1.25 million in capital credits to members during the years of 2003—2005
- We are retiring $471,705 from Great River Energy, our power supplier, for the years of 1987-1990
- New this year, we also have a retirement of $117,615 from CFC (Cooperative Finance Corporation) for the years of 1981-1996
Current members will receive their capital credit retirement through a bill credit. Former members will receive a check for the capital credit. For more information, view our FAQs or contact our offices at (800) 552-7658.
