I sometimes receive a check from Woodruff Electric Cooperative entitled “Capital Credit Refund”. What does this check represent, how is the amount determined and may I expect to receive additional checks in the future.

The check represents a return of previously retained profits invested by Woodruff Electric in plant and equipment. The total amount which may be refunded each year is limited by lenders and plant and equipment need of Woodruff Electric. Each member receives a share of the refund based on their usage for the year in which the profits were generated.