Capital Credit Payments Made to Members

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” 
 

Person fanning cash in their hands