Capital Credits

Get The Credit You Deserve

It’s time for you to get the credit – capital credits, that is – that you deserve for helping build and sustain your local electric cooperative. In June 2010, we began retiring/refunding capital credits to members like you across our service territory. This year, members from 2005 will receive capital credits, reflecting your ownership of the Cooperative during that year.

Capital Credit Q&A

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 you have additional questions, please contact us at (317) 745-5473 ext. 4008 or (800) 876-5473 ext. 4008.

Unclaimed Capital Credits

We have been unable to contact several former members regarding their capital credits.

Please search below for a current list of members with unclaimed Capital Credits allocated for 2003-2005.

Active Membership Years	Current Members Received Capital Credits Retirement
2003	July 2024
2004	June 2025
2005	June 2026

If we do not have a confirmed address and/or required documentation, your refund will be in an “unclaimed” status until we hear from you. All unclaimed money will be held for a period of two years and two months before being forfeited by the member to the Cooperative as donated capital per the Bylaws. Please contact Hendricks Power with questions about Capital Credits.

Current/Active Customer: If you are a current/active customer receiving an electric bill from Hendricks Power, you do not need to take any action.
Previous/Inactive Customer: If you no longer receive electrical service from Hendricks Power, you will need to contact the Cooperative to make sure we have your current information and mailing address.

If you have questions, our team is happy to help! Call 317-745-5473 ext. 4008 or send us a message on the contact page with the subject Attn: Capital Credit Dept.

Hendricks Power allocates margins to members as capital credits and calculates them for everyone who purchased electricity during a year in which the utility earned margins. The amount of capital credits earned in a given year is based upon the amount of capital each member contributed to the Cooperative through payment of their monthly bills. The sum of the member’s monthly bills for that year is multiplied by a percentage to determine the member’s capital credit allocation. The percentage of allocated capital credits varies from year to year depending upon the Cooperative’s margin. Member purchases may also be called patronage.

No. Capital credits retirement/refunds will only be made to members for 2003-2005. However, it is still important to keep your address, telephone numbers, and personal information updated with the Cooperative so we can locate you should your years be retired/refunded later.

To update your contact information, log in to SmartHub or call us at 317-745-5473 —our team is happy to help!

Each year, the Hendricks Power Board of Directors decides whether to retire/refund capital credits based on the Cooperative's financial health. We cannot retire all capital credits at once because we still have preventive maintenance measures to address to ensure members continue receiving reliable, affordable service and to operate the company. The Board will evaluate this on an annual basis and retire/refund capital credits when feasible. Retirement/refunds could be by year or by multiple years; in full; partial based on a percentage; by type of allocation; or by any combination of these factors as the Cooperative’s Board determines.

Send us a message on the contact page with the subject Attn: Capital Credit Dept, or call 317-745-5473 ext. 4008.

The capital credits of a deceased member can be paid to the estate or its representative. Please call 317-745-5473 ext. 646 and speak to the Manager of Capital Credits. They will locate the member records, update the contact information, and discuss the process in detail with the estate representative so a claim can be filed.

Various documents will be required by the estate representative to be filed with the Cooperative:

Affidavit for Payment of Patronage (form provided by the Cooperative).
A Will or Notice of Unsupervised Administration (filed in the Clerk of County office) appointing the personal representative of the Estate.
Copy of a state-issued death certificate for the deceased member.
A valid state-issued ID/Driver’s License of the representative or affiant.
Heirship documents based on the relationship to the member (Will, Estate papers, Trust papers, Birth Certificate of Affiant, Marriage License) are just a sample of documents accepted.
IRS W-9 form if retirement/refund exceeds $600 (form provided by the Cooperative).

Refunding capital credits follows one of our seven Cooperative principles—Members’ Economic Participation. This principle states: “Members allocate surpluses for any or all of the following purposes: developing the Cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the Cooperative; and supporting other activities approved by the membership.”

Have Additional Questions?

Please contact us at (317) 745-5473 ext. 4008 or (800) 876-5473 ext. 4008.

Capital Credits

Get The Credit You Deserve

What Are Capital Credits?

Unclaimed Capital Credits

Have Additional Questions?

Contact Info

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Get The Credit You Deserve

What Are Capital Credits?

Unclaimed Capital Credits

When will I receive my refund?

How are margins allocated?

What years are being refunded now?

If I did not receive electric service from Hendricks Power from 2003-2005, will I get any refund?

Are capital credits refunded every year?

What happens to the years that are not retired/refunded? Do I lose my capital credits?

What do I need to do to receive the retirement/refund?

What happens to the capital credits of a member who is deceased, and ownership is now within an estate?

What if the member is not deceased, but needs personal appointment or a representative?

Why does Hendricks Power refund capital credits?

Is Hendricks Power Cooperative the REMC?

Have Additional Questions?

Contact Info

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