Capital Credits are a key part of the electric cooperative business model and part of what makes us different from other utilities. CoServ takes its annual margin (excess revenue), divides it proportionally by the amount of electricity each Member uses throughout the year and reports to each of you what your share is. This is called a Capital Credit Allocation.
When financial conditions permit, CoServ Electric's Board of Directors may decide to retire (pay) Capital Credits to our Members based on their allocated share.
CoServ Members have the option to generously donate their Capital Credit allocations to the CoServ Charitable Foundation, another hallmark of CoServ.
Since 2004, the CoServ Charitable Foundation (CCF) has distributed more than $15 million to over 200 nonprofits, first responders and other civic organizations in North Texas. Most of this money comes from pennies donated every month through Operation Roundup® contributions from CoServ Electric Members and CoServ Gas Customers. And some of this money comes from donated Capital Credit Retirements. CCF also has a General Fund that is funded by Employee payroll deductions and special events like the annual CCF Golf Tournament.
To donate your Capital Credits to CCF, please click here.
Donations can add up quickly—and change lives for the better!