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This document is a request form for members of the Lea County Electric Cooperative to receive refunds of capital credits for individuals aged 66 and over.
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How to fill out capital credits payment request

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How to fill out Capital Credits Payment Request - 66 and Over

01
Obtain the Capital Credits Payment Request form for individuals aged 66 and over.
02
Fill in your personal information, including your name, address, and contact details.
03
Provide your account number or member ID associated with the capital credits.
04
Indicate the amount you wish to request from your capital credits.
05
Sign and date the form to verify the information provided is accurate.
06
Submit the completed form to the appropriate department or address mentioned in the instructions.

Who needs Capital Credits Payment Request - 66 and Over?

01
Individuals who are 66 years of age or older and have accumulated capital credits with the cooperative.
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People Also Ask about

Unclaimed capital credits are checks that were issued to a customer, but were never cashed.
The Capital Credits Allocation Statement is a statement of your ownership within the cooperative. The amount reported on your statement is held in a capital credit account specific to each member until such time the credits are retired.
Unclaimed capital credits are checks that were issued to a customer, but were never cashed. To find out if you have unclaimed capital credits, fill out the search form below.
Capital credits represent each member's share of the cooperative's margins and ownership of the co-op. What is a cooperative? A cooperative does not earn profits in the sense that other businesses do.
Capital credits are the most significant source of equity for most electric cooperatives. Equity is used to help meet the expenses of the co-op, such as paying for new equipment to serve members and repaying debt.
If a business, financial institution, or government owes you money that you did not collect, it is considered unclaimed money or property. You may be able to file for unclaimed money owed to you, or that was owed to a deceased relative if you are their legal heir.
If the cooperative has margins in excess of operating costs and expenses, those funds are credited back to a member's capital account based on their patronage. The amounts credited to each member's account are called capital credits.
Capital credits represent each member's ownership of the cooperative. They are the margins credited (or allocated) to the members of the cooperative based on their purchases from the cooperative the previous year. These margins are used by the cooperative as capital to operate the business for a period of time.

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Capital Credits Payment Request - 66 and Over is a form used by individuals aged 66 or older to request payment of their accumulated capital credits from a cooperative or utility.
Individuals aged 66 or older who are entitled to capital credits from a cooperative or utility are required to file this request.
To fill out the form, you need to provide your personal information, including your name, address, member number, and any other required details, and sign the declaration at the bottom of the form.
The purpose of this request is to allow eligible members who have reached the age of 66 to receive their share of capital credits that have accumulated over the years.
The form must report personal identification details, such as name, address, member number, amount of capital credits requested, and any supporting documentation as required by the cooperative or utility.
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