LREC Approves $1.28 Million Capital Credit Refund

Your board of directors recently approved the retirement of $1.28 million in patronage capital credits in 2018. People and organizations who were members of Lake Region Electric Cooperative in 1994, 1995, and 1996 are receiving capital credit retirements. The financial plan is to bring down the disbursement cycle to a 20-year rotation by the year 2020. The 2018 capital credit disbursement is another step in this direction. This will make six consecutive years in which Lake Region’s capital credit retirement has exceeded one million dollars!

Learn more: Capital Credit Frequently Asked Questions