GEC Capital Credit Check Refunds To Be Mailed In October

Capital Credit Checks will be refunded to member-owners of Grundy Electric Cooperative in October.

The Grundy Electric Cooperative’s Board of Directors voted to make a general refund of just over $450,000 by retiring 100 percent of the capital credits for the year 1989 and 25 percent of the year 2021 to the membership.

The Cooperative began returning capital credits with a general retirement in 1990 and over $9 million have been refunded since that time.

The capital credit refund checks will be mailed to members in October.