Hendricks Power Cooperative has announced that on March 23, our board of directors completed an annual review of capital credits and approved a general retirement distribution/refund for all of the year 2001 and approximately half of the year 2002. Members who received service from Hendricks Power during those years should receive a capital credit check from the cooperative. Checks will mail April 30, 2022, and are valid for 90-days.
What are capital credits?
Because Hendricks Power is a Cooperative, owned by its members, it does not technically earn profits. Capital credits are the retained “margins” leftover at the end of a year – basically, the difference between operating costs or cost of doing business and the total amount of money collected. This capital allows Hendricks Power to finance operations and construction.
If I did not receive electric service from 2001-2002 will I get a capital credit distribution?
Not at this time. The Capital Credit General Retirement distribution/refunds will only be made to members receiving their electric service from Hendricks Power Cooperative during the years 2001-2002. However, it is important that you keep your member record information updated with us regarding any changes or life events (death, divorce, name change, moving, telephone #, etc.) should your years be retired/refunded at a later date. If any of these events have occurred, please contact us so we can review and update the member record.
Contact us by calling the Cooperative at 1-800-876-5473 ext. 4008 or (317) 745-5473 ext. 4008 should you have any questions regarding the capital credits. You can also reference our Capital Credit Q&A.
There are many members and former members with whom we have lost contact. Click here to view the list of members with “unclaimed capital credits”