The Grundy Electric Cooperative’s Board of Directors authorized the distribution of over $450,000 in capital credits for member-owners that are being mailed to members owners. The authorization vote came during the June 30th board meeting.
The current and past members will receive 100% of 1986 and 1987 and 25% of 2019 allocated capital credits. The mailings will be made this month. GEC has now refunding more than $8.9 million dollars in capital credit allocations to current and past members.