GVEA has unclaimed capital credits for the years 1988 and earlier
Golden Valley Electric Assn. is seeking members who have unclaimed capital credits for 1988 or earlier. One of the advantages of being a member of a not-for-profit electric cooperative is you have a stake in the financial success of the co-op through capital credits.
Capital credits are assigned each year to members in proportion to the amount of electric service they purchase. The allocated amounts are called capital credits, and they are used by GVEA to keep the co-op financially sound and able to provide safe, reliable electric service by investing in substations, poles, lines and other critical infrastructure. in other words, GVEA uses this money, for 25 years, as operating funds until the capital credits are retired and are issued as refunds when the financial condition of the co-op permits, as determined and approved by the GVEA Board of Directors.
Visit www.gvea.com/resources/capitalcredits to see if your name is on the list of unclaimed capital credits for 1988 and earlier. If you are on this list, please submit a Capital Credit Contact Form by December 15, 2018. If you have recently contacted us regarding your capital credits, there is no need to contact us again.